Word: colorados
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Dates: during 1970-1979
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Last summer Neurobiologist Nicholas Seeds of the University of Colorado Medical Center reported that he had not only been able to reassemble brain cells from mice, but that the reconstructed tissue continued to develop in a normal way. Now, in the Proceedings of the National Academy of Sciences, Seeds and a colleague, Albert E. Vatter, disclose that the cells in the test tube mature and form synapses, the vital cell-to-cell connections that transmit messages through the brain and the rest of the nervous system. The material also appears to develop the myelin "insulation" that covers part...
...theory, Oilman John McCandish King should be a pauper. He has lost his $170,000-a-year job as chairman of King Resources, a mineral exploration firm. That company has been forced into bankruptcy, and creditors are seeking to have Colorado Corp., a holding company that is 90% owned by King, declared bankrupt also. The Internal Revenue Service has slapped liens on his property for $5,300,000 in back taxes. Creditors, former investors, and tax authorities are suing him in at least six states to collect what is left of his personal fortune, which was once estimated...
...began in mid-1970 with the much-publicized collapse of Bernard Cornfeld's Investors Overseas Services; in 1969 I.O.S. had provided King Resources with 35% of its revenues by buying oil-exploration and drilling services. As Cornfeld's empire foundered, worried creditors began pressing King Resources and Colorado Corp. for repayment of loans, and King was besieged by his personal creditors. When he filed to reorganize under federal bankruptcy laws last June, his 218-page petition listed 451 creditors ranging from the IRS to a Granby, Colo., drugstore ($1,000 for beer and penny candy...
Wife's Jewelry. King was well prepared. In mid-1968 he formed the first in a series of trusts for his four children, ages six to 14, with Mercantile Bank & Trust Co. in the Bahamas as trustee. He transferred a major chunk of his Colorado Corp. stock to the trusts, along with his four homes, some real estate on the island of Bali, his gun collection and his wife's jewelry. Investigators have been unable to determine the actual size of the trusts. Creditors are looking for ways to tap them, but the trusts may be untouchable because...
Despite criticism from what Governor Love terms "a growing group of ecologists," the commission refuses to go faster or get tougher. "Decisions about public affairs," says Chairman Crowley, "should be made by elected representatives at the appropriate level." Such careful honoring of local government is precisely why Colorado has a good chance to protect its land and preserve its beauty...