Word: barrelfuls
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Along with farm subsidies, shipbuilding subsidies and harbor projects, another well-intentioned federal-aid program can be added to the long list of those that have degenerated into pork-barrel giveaways. It is the black-lung program, which is financed by the U.S. taxpayer. Designed to compensate the families of coal miners, dead or alive, who were victims of the debilitating coal-dust disease, the program has become a much-abused boondoggle...
...Marlborough prints the most elaborate color catalogues in the business for its shows, and accompanies a major exhibition-David Smith, say, or Francis Bacon-with a campaign of discreet lobbying with collectors. It is indicative of Marlborough's reputation for secrecy-and for giving cash on the barrel-that when New York's Metropolitan Museum wanted to raise some quick funds last year by selling its Rousseau Tropics and its Van Gogh Olive Pickers (TIME, Feb. 26), Lloyd was chosen. It is equally typical of Lloyd's nerve that he disposed of the Rousseau in Japan...
...colt was big, bright-eyed, barrel-chested. A picture horse. His legs promised to be straight and flawless; knees and ankles-often soft spots on a thoroughbred-were trim and tight. As he grew, a purist determined not to give him 100% on looks might have argued that his rump was on the skimpy side. He was and still is, as track people say, just a touch goose-butted...
...behind such major Middle Eastern producers as Iran, Saudi Arabia and Kuwait. But in ability to send shock waves through the world petroleum industry, Libya stands second to none. Libyans have already helped lead the ten other members of OPEC, the Organization of Petroleum Exporting Countries, in doubling per-barrel prices over the past three years. In the past two years, Libya's President, Colonel Muammar Gaddafi, has nationalized British Petroleum's operations and negotiated a 50% share in Italian oil holdings; earlier this year, he asked for the same 50% stake in an American-dominated oil group...
...Securities and Exchange Commission has been unable to establish regulatory authority over the business, although it contends that the warehouse receipts are investment contracts. Scotch plungers also are prey to arcane worries; for example, if much of the investor's whisky evaporates in storage, the price of his barrel goes down. If all the uncertainties drive an investor to drink, he cannot even readily imbibe his own booze. To bring it into the U.S. he would, in effect, have to start a liquor company, and go through the tortuous process of getting an import and bottling license from...