Word: australian
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Dates: during 1980-1989
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...When Australian Raider Robert Holmes a Court spent more than $800 million to buy 9.6% of Texaco's stock for an average of $37 a share this year, many Wall Streeters applauded his gutsy vote of confidence in the bankrupt oil giant's chances for recovery. But after the October stock crash, Holmes a Court faced a severe cash squeeze. Sensing a distress sale, another renowned raider, TWA Chairman Carl Icahn, entered the picture last week. TWA bought about half of Holmes a Court's stake in Texaco for $348 million, or just $29 a share. The Australian's loss...
Margarite Morris is one of this breed. Tall and skinny, of indeterminate antiquity, she is known as Weekly, or the Newspaper of Claremont Street, because she cleans the houses and spreads the gossip in a prosperous old neighborhood of an unnamed Australian city. Weekly is a de facto tyrant. When a stray cat periodically invades her sparse room to give birth, Weekly knows that she can give away the kittens as presents to the children of her employers ("Oh Weekly you shouldn't have. Really you shouldn't"). Any household unwise enough to turn down such a gift risks full...
Actually, TIME AUSTRALIA shares the style of our other, New York City-edited editions. The bicentennial issue is loosely modeled on two similar editions produced for the 1976 U.S. bicentenary. Titled The World of 1788: A Nation Is Born, the Australian effort is a TIME-like account of life in Terra Australis and in the world beginning Jan. 26, 1788, the day the first fleet carrying British convicts landed at Sydney Cove, an event recognized as Australia's birth...
TIME AUSTRALIA Editor Jefferson Penberthy is the man who has given the magazine its distinctive mix of Australian energy and traditional TIME quality. Last May, for example, he assigned Queensland Correspondent Frank Robson to find out why a number of Aborigines were dying in prisons and jails under mysterious circumstances. At the same time that Robson's cover story ran, a Royal Commission was established to investigate the problem. Last month TIME AUSTRALIA won two of the prestigious W.G. Walkley awards, Australia's highest journalism prizes, for Robson's story and for Photographer David May's cover picture of jailed...
Beyond the long curves of palmetto and Australian pine, huge billboards promise Treasure Coast, Orlando, Cape Canaveral, St. Augustine. But on I-95 there is no sign of habitation. Even the armadillos are dead. The highway flies over Jacksonville and descends in the low salt marshes of Georgia. Savannah, by some gracious concession of the engineers, is only 14 miles away, a snoozing 19th century time capsule. At Mrs. Wilkes' famous boardinghouse, breakfast is served on 13 platters, and a man at the table says he works on the railroad...