Word: bunkered
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Dates: during 1980-1989
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...Nelson Bunker Hunt...
...rate they are going, the Hunt brothers of Texas may lose so much of their fortune that they will be able to count what remains at the kitchen table. Just eight years ago, Nelson Bunker, 62, William Herbert, 59, and Lamar, 56 -- heirs of the legendary Oilman H.L. Hunt -- commanded a combined net worth of more than $5 billion. Since then their fortune has plummeted to $1 billion or less, and it could keep right on shrinking until they are no longer "big rich," as Texans refer to the truly wealthy. The brothers are fighting a complex and heated battle...
During the New York trial, Bunker Hunt testified that he began accumulating silver in 1973 as a hedge against inflation, "to invest in something I could get my hands on." By late 1979, the brothers had acquired more than 180 million oz. of bullion and coin. Prices rocketed to euphoric heights, hitting a peak of $50.35 per oz. in January...
...nicknames of the landmarks that dot the holy land are as familiar as the wind to golfers: the Swilken Burn, the Principal's Nose, the Beardies, the Coffins, Hell Bunker, the Road Hole, Granny Clarke's Wynd, the Valley of Sin. An elderly caddie named Alex, who wears a checkered cap but otherwise has the grace not to be too picturesque, checks them off as you go. Every calamity has its accompanying parable: "This bunker you're buried in is the Bob Jones bunker. Unable to escape it, he stormed off the property and pledged never to return. Of course...
Since February, Lamar and his brothers Nelson Bunker and William Herbert Hunt (estimated combined fortune: $1.2 billion) have been defendants in a New York lawsuit in which Peru-owned Minpeco SA alleges that the Hunts' manipulation of the silver markets caused the 1980 crash in the price of that precious metal. The Hunts pleaded innocent, saying that silver's tumble cost them $1.1 billion...