Word: businessman
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Dates: during 1970-1979
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Owners have publicly declared that they were losing money with the former reserve clause and will now be ruined without it. But would any sane businessman have purchased either of the two expansion franchises last year for $10 million each if they were certain financial losers? A baseball team can be used as a tax shelter for rich men like McDonald's owner Ray Kroc or Seagram's magnate Charles Bronfman, but shrewd businessmen do not generally invest in predictably unprofitable enterprises...
...Texas-born model and Vogue cover girl, she received the unqualified blessing of David's Mum ("She's just like one of the family") and was about to get Frosted by Billy Graham in Manhattan. Two days before the Big Day, she got hitched instead to a Chicago businessman. Frost's current love is comely Caroline Cushing, ex-wife of Howard Gushing, the millionaire socialite...
Died. Harold Hoskins, 81, businessman and former director of the State Department's Foreign Service Institute; in Manhattan. Between his years of service in both world wars, Hoskins became a vice president of Cannon Mills. At the end of World War II he held several diplomatic posts in the Middle East before assuming direction of the institute that oversees the training of foreign service personnel...
...forgotten the bombardment. "I have been aware of it since I was aware of anything," says a young businessman whose parents lived through the attack. "For years we were not allowed to talk about it. They gave us more football and more pelota [the game known in the U.S. as jai alai] and more toros [bulls], so we would forget it. But we haven't." In the Restaurante
...buyers out of the housing market. Now it is having the reverse effect: rationally or not, people who have any thought of buying a house figure they had better move immediately before the price of single-family homes climbs beyond the reach of all but the wealthiest. Says Atlanta Businessman Rod Kinder, 51, who paid $89,500 for a New England type house in the Atlanta suburb of Dunwoody last month: "We decided to buy now before it got out of the realm of reality altogether. It was now or never...