Word: reals
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...rejoicing, however, some cautionary notes are in order. A fragmenting giant with an immense nuclear arsenal must be carefully watched for signs of instability. That would be particularly true if the U.S.S.R. unraveled to a point at which a Russian chauvinist republic might control it. Such concerns are real, if premature. As William Webster, the director of the CIA, testified in Washington last week, it is possible that Gorbachev's enemies could one day try to oust him. But for now, "those demanding an acceleration of reform still have the upper hand...
...other officers and head for asylum in the West. Military authorities learn of the mutiny and set out in pursuit. Sound similar to The Hunt for Red October? No wonder. The incident, revealed last week in the Soviet newspaper Izvestia, turns out to have been the real-life basis for Tom Clancy's blockbuster, the film version of which, starring Sean Connery, is now playing across...
...slow start is costing the U.S. an estimated $14 million a day in operating losses and other expenses. Moreover, as seized property slowly deteriorates under Government ownership, its market value is ebbing. The RTC's commitment to sell several hundred billion dollars' worth of real estate hangs over the market, depressing prices and even harming the loan portfolios of the remaining 2,600 S&Ls. And since the Government is counting on proceeds from the property sales to offset some of the costs of the bailout, sluggish disposal of the real estate could help push the total cost...
...offices have only just opened and are operating far below capacity. About 2,300 staffers have been hired and trained so far, but the agency will need thousands more, and finding talented employees has been difficult. "They do a lot of clock watching and bean counting," says a Houston real estate agent. "Everybody's so afraid of making a mistake that you can't get an answer. It's a mess...
...Real estate experts argue that the bailout law is fraught with overcautious rules, largely designed to prevent the appearance of a gigantic giveaway to developers and financiers, that have slowed the process unnecessarily. To avoid setting fire-sale prices in shaky markets, the Government is bound to sell assets at no less than 95% of their appraised value. That restriction has scotched many deals, since buyers can often find better prices elsewhere. Another drawback is the agency's refusal to fix up old properties or provide loans for potential buyers. With enough troubles of their own, many banks and thrifts...