Word: colorados
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...after some last-minute deals, Harvard officials loaned each player $419 for the airfare. After that it was as easy as a 12-4 victory over the University of Colorado in the national finals...
Just as the advertisements appeared on business pages announcing this latest megabuck merger, a congressional committee opened hearings on proposals by the Securities and Exchange Commission that would curb some of the wheeling and dealing that accompanies such corporate marriages. Colorado Democrat Timothy Wirth, chairman of the House Subcommittee on Telecommunications, Consumer Protection and Finance, is supporting the SEC recommendations. Says he: "The tactics and strategies used by both bidders and targets in recent years have raised questions about the adequacy of current laws to a ensure the fundamental fairness of the takeover process. In the heat of a contest...
...water raft trip down a stretch of Oregon's Deschutes River was a picture-perfect dramatization of his appeal. "I love danger," he said after shooting the rapids. "It was wonderful-too short, but so is life." Three days later he was on horseback, all smiles, galloping across Colorado rangeland and into a photo opportunity...
...Colorado, the most recent state to start a lottery, 40% of the take is allotted to a conservation trust fund. In Massachusetts, a share of the profits from the state's high stakes Megabucks game is designated for the arts. Explains P.G.R.I. President Duane Burke: "If the choice is added taxation or a voluntary method of raising additional revenue, people will choose the voluntary method...
Despite detractors' fears, most state-run lotteries have been scandal free. During the first six months of its lottery, Colorado arrested seven people who had tried to forge winning tickets, but it now boasts that last year's games were squeaky clean. "People get a thrill out of betting, and lotteries seem to serve that need," says Lieut. Alfred Cassinelli of the Washington, D.C., morals squad. "All you have to do is keep it honest...