Word: australian
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Dates: during 1970-1979
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...rights to the strip is resolved. Local rights to The Phantom have long been owned by the nation's sole daily newspaper, the Post-Courier, which publishes The Phantom in English, not pidgin. This summer, after the fast-growing Wantok moved to a new and larger plant, the Australian-owned Post-Courier decided to assert its exclusive right to the comic strip, and the local distributor pulled The Phantom from Wan-tok. Says Father Frank Mihalic, editor of Wantok: "I don't see any conflict with the Post-Courier. Because of translation problems, we're always behind...
...crew last week, "and that's what we're doing, right?" Among the eagle-eyed yachting fraternity that swarmed into historic Newport for the best-of-seven series, there was nearly unanimous agreement. Despite obvious progress since their last challenge three years ago with Southern Cross, Australian Real Estate Developer Alan Bond and his team have apparently not yet caught up with the Americans in the complex art of designing, outfitting and sailing the 12-meter thoroughbreds that now vie for the America's Cup. Former U.S. Cupper Bob Bavier, who skippered Constellation to victory...
Buried beneath Australia's remote, forbidding northern wilds is one-fifth of the world's known reserves of uranium, but they have been of no use to atomic-power plants. The government, fearful that mining would damage the Australian environment and that exports might encourage nuclear proliferation, has forbidden exports since 1973. Last week, however, Prime Minister Malcolm Fraser decided to permit mining companies to develop and export the mammoth lode...
Four mining companies, led by Ranger, in which the Australian Atomic Energy Commission has a half interest, are geared up to go. At least one mine will be in full production by 1981, with others following in short order. At current world prices, the lode is worth an estimated $35 billion. As one Wall Street analyst, Andrew Racz, of Philips, Appel and Walden Inc., says: "Uranium could be to Australia what oil is to Saudi Arabia...
...subeditor who worked on the magazine during the highest of its haute-smartass days nearly two decades ago. Young Felker left Esquire in 1962, but became even more conspicuous in publishing and partying circles by founding New York in 1968, losing it this year in a bitter fight with Australian Sleaze-paper Publisher Rupert Murdoch (TIME, Jan. 17), and then scouring the globe for some new publishing adventure. Last week he found an old one: Esquire...