Word: bets
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Dates: during 1940-1949
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Hollywood keeps so busy wooing its "mass" audience that it traditionally scoffs at catering to "class" taste. Last week, taking stock of the moviemakers' problems, FORTUNE added its voice to an old lament by the critics: the industry is passing up a good bet by producing little to interest the 40 million Americans (mostly over 30) who only occasionally go to the movies. Pointing to the box-office success of Henry V and Hamlet, FORTUNE said: "The audience that made these pictures successful is the market that the industry generally ignores . . . Many good pictures made in Hollywood have shown...
Among those with reason to be happy about Russian Hero's victory were Sportsman-Farmer William Williamson, his owner, who had bet ?10 on him at 300 to 1 in the winter books, collected a cool $12,000. Also prideful was the London Daily Worker's handicapper, who had picked Russian Hero to win, insisting that the tip was not purely political, just a bettor's hunch...
...Lloyd's is not an insurance agency but a meetinghouse for underwriters (who pay $40,000 to belong) and is used by many U.S. business and insurance men to hedge their risks by "laying them off" with the underwriters. They have found Lloyd's underwriters willing to bet on any risk if the customer has an insurable interest, i.e., a customer can insure that a horse will run in a race, but not that he will win. (In 1813, before that requirement, a client insured Napoleon's life & liberty for ?500.) Four-fifths of all U.S. commercial...
...still flaws in his batting; he swishes his bat back & forth nervously before each pitch, frequently wastes his power by swinging late. His fielding, too, still lacks polish. "All I hope is that they won't expect miracles this first year," warns a Tiger coach. "I'll bet you right now he'll make half a dozen throws to the wrong base early in the season...
Last week Britain admitted it had lost its Tudor bet. In the House of Lords, Civil Aviation Minister Lord Pakenham solemnly intoned: "I have regretfully come to the conclusion that this type of aircraft should not continue to be used for carrying passengers...