Editor's letter

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If the Oscars had a category entitled “Most Audacious Performance by a Leading Man”, the committee would be remiss not to nominate Donald Trump. (Perhaps the executive at Parmalat would win, having made one of their unknowing switchboard operators CEO of up to 30 subsidiaries, but Mr Trump would surely give the nominees a run for their money.)

In addition to announcing a fourth-quarter loss last month, which widened to $40.9 million from $17.3 million in the equivalent period of 2002, Trump Ho

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