Word: cow
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Characteristically, Maxwell still shrugs off the questions and says with exaggerated humility, "My dream in life was to own a cow." Now he owns a whole herd of cash-cows to sustain an increasing debt necessary to finance his global expansion. With his military training, he does best with a clear enemy, and currently that is Rupert Murdoch. In their Hertz-Avis relationship, Murdoch is several long steps ahead. His News Group Newspapers, Ltd., is worth $13 billion, with a $6 billion debt, whereas Maxwell Communication Corp. runs at around $5 billion, with roughly $2 billion in debt. Murdoch...
...Sloane Ranger would consider her wardrobe complete without a pair. Members of the hunting-and-fishing set are rarely seen in any other footwear. This insignia of English country life, the Hunter Wellington boot, has now made an unusual crossover: into the cow shed...
...more of the smart same. Young MacPee-wee has a farm that is a sort of summer camp -- high camp -- for animals. In the barn, the sheep and cow sleep in beds. For breakfast the horse flaps pancakes, and Pee-wee's talking-pig pal devours them. At the hint of a hurricane, Pee-wee leads his brood into the storm cellar ("Women and chickens first!") and dresses them in party hats. Because there are no other humans on the farm and few children nearby, Pee-wee is his own role model, his only playmate, and the film...
...foreign visitors. Western recreation should get a fresh boost from water marketing. Many environmentalists support the concept, especially as it recognizes the "in- stream values" of water: for trout fishing, white-water rafting and habitat for game birds and animals. Says Babbitt: "In many parts of the West, a cow has a lot less economic value than an elk." It is time for water laws and practices to recognize that new equation...
Even in an era of perilously go-go thrifts, the two California savings and loan associations seemed to be looking for trouble. One of them loaned money for energy schemes ranging from windmill farms to cow-manure incineration, while the other served as a whimsical and allegedly fraudulent investment machine for its owner, a former dentist. Last week federal regulators said they would liquidate the two ailing S and Ls, a drastic step for institutions so large. The Federal Savings and Loan Insurance Corp., which guarantees thrift deposits, will spend a record $1.35 billion in cash to pay off insured...