Word: controller
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Dates: during 1990-1990
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...feelings in Bonn and elsewhere. For there is nothing dearer to the heart of responsible statesmen than stability. Yalta may have had certain drawbacks, but it was an arrangement one had learned to live with -- and in the end any situation seemed acceptable as long as it was "under control." Was it not a bit inconsiderate on the part of all those Poles, Hungarians and Czechs, of Charter 77 and all, to rock the boat? And now even the placid, nondescript East Germans were taking to the streets, without giving a thought to the delicate balance of power prevailing...
When they finally came round to understand that they were faced with a fait * accompli, they swallowed their misgivings and tried to regain control. This turned out to be rather difficult, for by now not only East Germany but half a continent was out of hand. It would have taken a nimble man indeed to handle a problem of such dimensions. Whatever else may be said about Helmut Kohl, he is not known to have a light foot...
...deal of his life, Trump won his battle to avoid bankruptcy last week but was forced to give his bankers financial control over his empire and his purse strings. A total of 77 lenders agreed in principle to give him a five- year, $65 million cash infusion to enable the overleveraged tycoon to meet a $43 million interest payment on junk bonds issued to finance Trump's Castle Hotel and Casino in Atlantic City. Failure to make the payment could have pushed the developer's holdings into a chain reaction of defaults. "This is a deal that will go down...
...least 400 families control fortunes in excess of $100 million, but the real measure of wealth lies in its breadth and depth. More than 2 million people, many only in their 30s, are deutsche mark millionaires. This is the first German generation in this century to actually inherit wealth. "Earlier generations," says Edith Hartl, a self-made businesswoman in Munich, "were wiped out by Weimar inflation or war. Today's 30-year-olds are inheriting all the fruits of the economic miracle...
Real estate is not the only battleground. A law passed in March stipulates that former owners may reclaim businesses seized by the Communists; about 50,000 petitions are expected. State-owned enterprises have been placed under the control of a new government authority, the Treuhandanstalt, which will liquidate uneconomic plants and shift viable businesses toward private enterprise. So far, however, only a fraction of the 9,000 or so targeted firms have been privatized...