Word: resorting
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...week later, regular five-car, six-night-a-week service from both Chicago and Washington will begin, with American-European Express running as self- contained segments of regular Amtrak trains. "On the seventh day," says Bill Spann, the Panama City resort owner who heads the venture, "we polish mahogany." There is a lot to polish, all solid wood, installed by cabinetmakers who usually work on yachts...
...Francisco had found enough bad loans and shaky business practices to shut it down. After Keating purchased Lincoln in 1984, he switched from investing in safe, single-family mortgages to go-go deals in raw land, junk bonds and huge development projects like the $900-a-night Phoenician Resort in Scottsdale, Ariz...
...them beyond D'Amato's reach. D'Amato also helped gain HUD financing for work in his hometown on Long Island, where his brother Armand, a lawyer, profited from the closings on house sales. Armand D'Amato also represented a company that won a HUD contract for a luxury resort rather than housing for the poor...
...needed and how to pay for it. It is hard to see how any significant amount could be made available without a hike in either sales or gasoline taxes. Deukmejian, who has taken a Bush-like antitax position, said last week that such a boost "would be a last resort...
Sequestration is the last resort of national politicians unwilling to cut government spending in much the same way that patriotism is called the last refuge of scoundrels. The obscure word, which looks like a refugee from a crossword puzzle, means seizure, and that is what happened last week. President Bush directed all federal agencies to meet the budget-deficit- reduction targets specified by the Gramm-Rudman-Hollings law by imposing $16.1 billion in across-the-board spending cuts. Worthy domestic-spending programs such as subsidized housing were cut the same 5.3% as pork-barrel projects like the Agricultural Extension Service...