Word: bonanza
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Dates: during 1970-1979
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Howard S. Levin opened his small fist and a cascade of varicolored business cards fluttered onto his luncheon table. One card identified him as president of Levin-Townsend Computer Corp. Others proclaimed separately that he headed three affiliates: Las Vegas' Bonanza Hotel & Casino, National Equities Inc. and Levin-Townsend Service Corp. "Take them," he told TIME Correspondent Rudolph Rauch last week. "They are all obsolete...
Levy contends that carefully liberalized quotas would bring down prices but would not present as many problems as a tariff system. Higher quotas, however, might just increase the size of the unearned bonanza awarded annually to U.S. refiners in import permits...