Word: capitalist
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Putting Up the Dog. Capitalist Wilson is also moving into Communist countries. He has licensed Intertower, a joint venture of Cyrus Eaton Jr. and Occidental Petroleum, to put up 36 inns in Yugoslavia, Bulgaria, Hungary and Czechoslovakia; in most cases, the governments will own the inns. Encouraged by the talk of expanded East-West trade that surrounded the Nixon-Brezhnev summit, Wilson plans to travel to Moscow, probably in July, to sound out authorities about putting up motels in the Soviet Union. Says William Stratton, a Holiday Inns franchise director: "We haven't got to Antarctica...
...only 20 years, having started out with little more than an idea. A risk-taking entrepreneur in the age of prudent professional managers, he is a visible refutation of the common belief that a self-made man can no longer pile up great wealth in the modern, highly developed capitalist economy. Now Wilson has a personal fortune estimated to exceed $200 million. Three years ago, the Sunday Times of London listed him among the 1,000 most important men of the 20th century, along with Winston Churchill and Franklin Roosevelt...
...postwar generation that asks not what it can do for Communism, but what Communism can do to make life better. Soviet citizens remain staunch patriots and believe in their system, but they now seem intent on making it work for them. No one talks about Communist-capitalist "convergence," but the Soviet Union is surely developing Western tastes-and the problems that accompany them...
There is a sort of sliding scale for the premiums. If an East German athlete like Pentathlon Star Burglinde Pollak beats a fellow East German or even a Communist brother in international competition, she receives the minimum bonus. The amount rises if she defeats a capitalist, and reaches a maximum if she conquers a West German. An Olympic Games gold medal, depending on the sport category, may earn an East German athlete between 20,000 and 50,000 marks ($6,250 to $15,600). One reward for Margitta Gummel, who won the women's shotput event in Mexico...
Some athletes show capitalist cunning in making the most of the bonus system. Roland Matthes, world record holder in the 100-meter and 200-meter backstroke, has a habit of setting new records by small margins. When somebody else swims faster, he gets another chance to top the time and earn another premium. Frank Wiegand, former world record holder for the 400-meter freestyle, used to get a bonus of 100 marks ($31?"every 'time he"set a personal record with his army sports club. He proceeded to swim various distances and strokes, each time setting his own record...