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Trump built his empire on rising land values. New York City was flirting with bankruptcy in 1976, when, at 30, Trump and hotel magnate Jay Pritzker bought the run-down Commodore Hotel at Grand Central Terminal for $10 million. The partners tore down the Commodore and built the Grand Hyatt luxury hotel in its place. The city recovered, and the hotel's value (current estimate: $70 million) soared with it. Borrowing against his stake in the Hyatt, Trump parlayed his first success into more and more prime real estate...
...street, they began pushing us into two separate ambulances. I was taken to Semashko Hospital, the medical center for the Gorky region, while Lusia was taken to Hospital No. 10, a run-down facility on the Oka's left bank. But until I actually saw Lusia again, I was under the illusion we were in the same hospital. I was put in a semiprivate room. My roommate introduced himself as secretary of a district party committee. A third bed and patient had been placed in the entry leading into our room. These men were both genuinely...
...husband. A sought-after speaker on the international journalists' circuit, she spends much of her time outside the country, often popping up at gala occasions like the inauguration of Venezuelan President Carlos Andres Perez, a longtime friend. When at home, she is driven to the paper's run-down plant each morning in a blue Toyota jeep. In her air- conditioned office, she puts her feet up to relieve her painful osteoarthritic condition. And, constantly sipping ice water, she scans editorials, signs checks and reviews digests of news events...
...kill a Government program, why not milk it? That, it seems, was the attitude of some officials who had failed to persuade Congress to stop spending some $200 million a year on fixing up run-down apartments and making them available to the poor with the help of federal rent subsidies. A report by Paul Adams, inspector general of Housing and Urban Development, suggests that the most effective way to get a housing project approved under President Reagan's HUD Secretary, Samuel Pierce, was for the developer to hire a prominent Republican as a "consultant" and pay him a substantial...
...softball team deserves a better field than the run-down one it plays...