Word: dente
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Dates: during 1970-1979
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...most talked about import restrictions would not make a significant dent in the U.S. trade deficit, which is heading toward $30 billion or more this year, as compared with $6 billion last year. True, about $7.5 billion of this year's deficit is in trade with the Japanese; $22.4 billion is with the OPEC countries, and the U.S. right now has no choice but to import their oil. The U.S. actually enjoys a surplus, though a declining one, in trade with the European Community (see chart...
...spartan office in Jacksonville, Fla., the 5-ft. 5-in. entrepreneur has long been an awesome political and financial power in the state. Lately, though, Ball's iron rule has been seriously challenged by some dissident trustees, including Alfred du Font's grandson, Alfred du Pont Dent. As a result, the crotchety octogenarian is now in the fight of his life, battling a series of legal moves to oust him and sell off part of the estate...
...Pont estate also owned 52% of Florida National-but in 1966 Congress forbade charitable trusts to hold interests in both banking and nonbanking businesses. Disposition of the estate's stock in the bank holding company then became the cause of a skirmish between Ball and Fellow Trustees Dent and William B. Mills, a former bank president jr a long, complicated fight, Ball a few months ago found a way to meet the letter of the law without losing control-the r individual owners of the bank holding company's stock-including Ball himself -voted to buy the estate...
Ball's troubles are far from over. He is also fighting a suit brought by Mills to have him ousted as trustee. Mills charges that Ball, who has suffered four heart attacks and undergone two cataract operations, is not physically up to the job. Mills and Dent also criticize Ball's urge to go on expanding the estate by putting so much of its earnings back into the trust's varied enterprises and not enough into charity. They insist the will stipulates that earnings from the estate be used to aid the crippled children of Delaware...
...think of anything worse. If we'd listened to the likes of Mills and Dent, the trust would still be about $27 million...