Word: contractor
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...deal arranged by E.R.A.P. Chief Pierre Guillaumat, 57, a longtime De Gaulle lieutenant, E.R.A.P. will search for new oil reserves over 85,000 sq. mi. of Iranian desert and offshore tracts in the Persian Gulf. The French twist is that E.R.A.P. will operate as a contractor to Iran rather than a concession-holding partner. Instead of splitting earnings with the host country on a 25-75 basis, as most major international oil companies do, France will turn over half the oil reserves it finds to Iran, in return for rights to pump out as much as 45% of the rest...
...year-old Baltimore contractor whose only previous public administrative experience was serving as state racing commission chairman. Mahoney has been a delegate to the Democratic National Convention four times. But in elections he has not been so successful. Since 1950 he has run for governor three times and U.S. Senator three times in primaries. And he has lost each time. He seems like the tortoise who has finally overtaken the hare and is not quite sure what to make of it all. When Mahoney told a press conference the day after the election, "I feel very humble," he was doubtlessly...
Tuxedos & Stocks. The $800 million that Bennett is pouring into the Peace project have already quickened a northern rush in anticipation of the power. British Columbia can muster some epic boomtown types. In Prince George, for instance, there is Contractor Ben Ginter, who arrived in 1949 with a stake of $1,500. He has run it to $20 million since, building highways and pulp mills, and a $250,000 hilltop house for himself that includes an indoor waterfall and swimming pool fed by a diverted mountain creek. While clearing the sites for the new pulp mills of Prince George, Ginter...
Mahoney had tried and failed six times since 1950 to win Maryland's governor ship or a U.S. Senate seat. When the wealthy Baltimore contractor once again entered the gubernatorial primary race this year, few Marylanders took him seriously. This time, however, Mahoney, 64, was canny enough to concentrate his campaign on a single issue touching the pocketbooks and emotions of many voters: the possibility of a state law ban ning racial discrimination in the sale and rental of housing...
...refrigerators and air conditioners. The air conditioner's metallic threnody, in fact, is one of the important new sounds of America. It hangs in the air above close-nestled, rich communities like the thrum of some giant insect infestation, and it is setting neighbor against neighbor, township against contractor, and contractor against manufacturer...