Word: englishes
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Dates: during 1970-1979
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...chance. Merger arbitrage is a gamble only for high rollers-people with the wealth and insouciance to risk millions on a single transaction. There are other types of arbitrage, but they are scarcely as exciting. The word arbitrage is old French, and in that language means "arbitration." In financial English, it has traditionally described trading on price variations on the same commodity in different markets -buying cotton in New York, say, and selling it in Hong Kong, where the price might be a trifle higher. That is still done, but the profits are tiny...
...individual operators, ike Ivan Boesky, a lawyer, accountant, and security analyst. He set up his own firm two years ago to deal exclusively in arbitrage, and boasts that he works 18 hours a day at the game. Boesky, an immaculate dresser and a devotee of squash who once taught English literature in Iran, made an estimated $7 million on the Babcock & Wilcox auction...
Soon afterward, he turned his love affair with the English language into a profession. They have been an item for 47 years, spanning forays into sexual innuendo (Shakespeare's Bawdy), A Dictionary of Cliches, and Partridge's most famous work, A Dictionary of Slang and Unconventional English. Until an operation several years ago left him quite frail, Partridge spent his days in carrel K-1 of the British Museum Library, reading everything from pulp novels to plays (consuming "about 80% of all comedies written in English between 1530 and 1970" for his latest work). In the tradition...
...intimate acquaintance of several English tongues, Partridge was born into the proper English of New Zealand and was introduced to Australian slang as a student at the University of Queensland. He later served with the Australian army in World War I-thereby learning the military idiom-before ending his linguistic tour in the rarefied dialect of Oxford. To fill in the gaps, he relies on an extended network of correspondents. They also keep him abreast of changes that "on balance, I should say are to the good." He particularly likes "wonderful American expressions such as skyscraper" but dislikes the "pitiable...
DIED. Dr. Robert Collier Page, 69, founding chairman of the Occupational Health Institute and pioneer advocate of company-paid preventive medicine for blue-collar workers; in Ocho Rios, Jamaica. While studying dying miners in the grimy English town of Leeds in 1933-34, he concluded that management should do everything possible to prevent illness in workers, not just take care of them after they become sick. He put some of his ideas into practice as medical director of the Standard Oil Co. of New Jersey from 1946 until 1955. Said he: "It is not uncommon to find an executive...