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NEWS
April 26, 1991 | SAM FULWOOD III, TIMES STAFF WRITER
The Bush Administration is trying to alter a law that offers special resident visas to wealthy immigrants willing to invest at least $500,000 to create or expand businesses in economically deprived communities. According to draft regulations obtained by The Times, the Administration will propose making the price of admission $1 million for all investors, including those willing to settle in rural and poor communities.
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NEWS
April 26, 1991 | SAM FULWOOD III, TIMES STAFF WRITER
The Bush Administration is trying to alter a law that offers special resident visas to wealthy immigrants willing to invest at least $500,000 to create or expand businesses in economically deprived communities. According to draft regulations obtained by The Times, the Administration will propose making the price of admission $1 million for all investors, including those willing to settle in rural and poor communities.
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BUSINESS
June 6, 1987 | LESLIE BERKMAN
La Solana Corp., the U.S. arm of Sumitomo Realty & Development Co. of Tokyo, has agreed to purchase a 41-story Manhattan office building for approximately $500 million. Irvine-based La Solana agreed to pay $365 a square foot, described as "top dollar" by a Manhattan real estate broker, to acquire the building at 666 5th Ave. from Integrated Resources Inc., a financial services company, and Cohen Brothers Realty Corp., both based in New York.
NEWS
February 12, 1988 | From Reuters
An accountant who shuffled billions of dollars of drug smuggling profits between the United States and Panama said Thursday that he made payoffs totaling more than $300 million to Panamanian Gen. Manuel A. Noriega between 1979 and 1983. He also said he funneled "laundered" narcotics proceeds to the U.S.-backed Contras in Nicaragua, setting up a special company to facilitate the transfer of money.
BUSINESS
August 14, 2003 | Tom Petruno, Mark Z. Barabak and James F. Peltz, Times Staff Writers
Arnold Schwarzenegger on Wednesday named billionaire investor Warren E. Buffett to be his senior economics advisor, in an apparent bid to add substance to a gubernatorial campaign that has been criticized for being all flash. The surprise move will give the Republican Schwarzenegger the counsel of the world's second-richest man, a Democrat from Omaha who has liberal views on taxes and many social issues. But the breadth of the role Buffett is to play in the actor's campaign wasn't clear.
NEWS
September 22, 1985 | EVELYN De WOLFE
The lodging industry in the mid-1980's continues to show an ever-changing profile, turning from an entrepreneurial tradition to one dominated by hotel chain operators seeking diversification. For major-league hotel investors, the crux of successful hotel development these days is getting in on a lion's share of all market segments or, in other words, getting a larger piece of the action.
REAL ESTATE
January 7, 1990 | JACK RODMAN, Rodman is managing partner of Kenneth Leventhal & Co . 's Los Angeles office. An expert in real estate finance and foreign investment in U.S. real estate, Rodman oversees the firm's consulting practice with Japan and other nations of the Pacific Rim. and
While Southern California basks in a boom prosperity that has spurred commercial and industrial property development, a number of forces will define--and in some cases limit--economic prospects for the decade of the 1990s. Shifting demographics, California's affordable housing crisis, the slow-growth movement and the price of new infrastructure are among 10 trends that will define the marketplace for residential, commercial and industrial developers and owners. Affordable housing.
BUSINESS
April 13, 2003 | James Flanigan
Everybody from White House officials to lawmakers to corporate leaders is focused on whether economic development can be spurred and democracy installed in Iraq. While that war-torn land occupies so much attention, countries far closer and arguably more important to the United States are suffering decline and neglect. Conditions are bleak for Latin America. Unemployment is rising. Wages and living standards are falling.
BUSINESS
August 20, 1988 | ART PINE, Times Staff Writer
The Federal Reserve Board's latest increase in interest rates, aimed at heading off a resurgence of inflation, is creating major new uncertainties for the beleaguered U.S. dollar--and for the effort to reduce the outsized U.S. trade deficit. As expected, the greenback's value rose sharply after the Fed's decision Aug. 9 to raise its key discount rate--the interest that it charges on loans to banks and other financial institutions.
NEWS
April 8, 1997 | ART PINE, TIMES STAFF WRITER
Vietnam agreed Monday to repay more than $145 million in debts to the United States incurred by the defeated South Vietnamese regime, eliminating a major roadblock to the normalization of economic and trade relations between Washington and Hanoi. Hanoi's commitment came in an accord signed jointly by Vietnamese Finance Minister Nguyen Sinh Hung and U.S. Treasury Secretary Robert E. Rubin, who is visiting Hanoi this week as part of a trip through Southeast Asia. U.S.
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