Word: bonanza
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Dates: during 1980-1989
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...acre town in northern Michigan (price: $5.9 million). One 420-acre town in northern Michigan (price: $5.9 million). One 420-acre island in the west Caribbean ($2.9 million). The 600-acre Ponderosa ranch in Incline Village, Nev., where part of the 1960s television series Bonanza was filmed ($10 million). An oil refinery in Alberta, Canada, Bob Hope's 10,000 acres of California land and several Learjets. Those were just a few of the big-buck items available last week at the Sales Trade and Purchase International, a two-day event in Reno, described by Orga nizer Brian Lovig...
Sixteen of the manufacturing and distributing companies that rushed to get in on the bean bonanza have sued to get the FDA ban overturned. One of the first questions the courts will have to answer is whether the pills are in fact a drug or merely a food not subject to the tougher drug restrictions. Meanwhile, "if any of the plaintiffs continue to market," said an FDA spokesman, "they will be subject to regulatory action." Possible penalties include seizure of inventories, fines and imprisonment...
...more bewildered taxpayers become, however, the bigger the bonanza for H&R Block, the titan of the American tax-preparation business. When the stampede of last-minute customers subsides after April 15, the Kansas City-based firm expects to have completed 10 million 1981 tax returns, or roughly one out of every ten filed, for an average fee of about $32. With 8,190 offices in the U.S., and 1,160 overseas outlets in twelve foreign countries used by Americans living abroad, Block reaped revenues last year of $288 million, up 25% from...
...major military contractors, the buildup will prove a bonanza. Many of them have excess factory capacity brought on by the recession, and they are already revving up unused production lines. Boeing, for example, which has been hard hit by the slump in domestic aviation, is at work on the cruise missile...
...benefiting many people. The same consumer who pays high interest on a mortgage or auto loan may well be collecting high interest on a certificate of deposit or an investment in a money market mutual fund. Those who can avoid borrowing and have dollars to lend are reaping a bonanza...