Word: buying
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Dates: during 1960-1969
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...tractors with canopies; according to one tortuous rabbinical interpretation, planting is legal if it is done inside an enclosure. Horrified by all such agonized evasions of Shemittah-and by the growing number of Jews who do not observe the sabbatical year at all-some of the devout prefer to buy their fruits and vegetables from Arab farmers or do without altogether...
...make a vice-presidential residence out of Admiral's House, a 14-room mansion just off Massachusetts Avenue's Embassy Row, now assigned to the Chief of Naval Operations. Another bill, by Democrat Mike Monroney, would create a three-member commission, give it $1,000,000 to buy or build an appropriate house...
Rainier could scarcely afford to buy Onassis out, and he shuns expropriation; as unbefitting the genteel nature of his establishment. Nonetheless, at the company's annual meeting last week, a Swiss lawyer known to be close to the palace launched an attack that suggested a Royal Solution. Onassis' control of such a large block of stock, argued the lawyer, is illegal under the company's charter, which limits individual shareholders to 10,000 apiece. Onassis nominally complies with this by holding most of his stock in the names of 48 Panamanian shipping companies, but Rainier...
Conrad's Comrade. The "Citibank," as moneymen call it, last week dealt into another fast-growing business: credit cards. For $12 million, it will buy control of Hilton Hotels' profitable Carte Blanche, which bills $90 million a year. In a complex pact, Hilton and Citibank each will own half of Carte Blanche, but the bank will hold all the voting stock. Hilton figures that Citi bank's worldwide outlets will help Carte Blanche trump the two leaders in the field, American Express and Diners' Club. Moreover, Citibank is strong in the eastern U.S., and Carte Blanche...
...great American giants has worn off in the past few months. A major reason is that the U.S.'s $132 million balance-of-payments surplus in the second quarter muted the old complaint that American businessmen were using their almighty dollars without restraint or discipline to buy up European industry.* There is also a growing awareness among Europeans that the U.S. stake is still relatively small, amounting to $11.5 billion, or less than 5% of total European investment...