Word: ets
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Dates: during 1970-1979
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Like a brooding King Lear, Bernard Cornfeld sat in the forbidding, gray stone, mock medieval Villa Bella Vista on the shores of Lake Geneva. The villa, which used to echo with the pop of Moët et Chandon corks and the giggles and squeals of female employees, was hushed. Every day last week, the 23 directors of Investors Overseas Services Ltd., holding company for Cornfeld's $2 billion European mutual-fund complex, sipped black coffee and mineral water well into the night as they sought a way out of the company's financial crisis. They were trying...
...daily problems of France or to his successor. Last month the first result of his labors was published: Messages and Speeches 1940-1946, a 665-page compilation of his addresses during the war years. The general has also completed the first of his three-volume series on la France et moi, covering the period until 1962. It will be published in the fall. The second volume, covering 1962-65, is scheduled to be completed within another 18 months, and the third presumably within a similar length of time. Four more volumes of his speeches are also scheduled for publication...
...most interesting transaction through Swiss banks, however, bears no evidence of illegality. It involved Randolph H. Guthrie, a senior partner of Nixon's former law firm. Guthrie's firm, which represents the Banque de Paris et des Pays-Bas, last fall was instrumental in arranging a $40 million loan for the New York-based conglomerate Liquidonics Industries to gain control of UMC Industries, a St. Louis defense contracting firm. Had the deal been arranged through an American bank, it would have violated SEC margin requirements. Guthrie asserts-and he has not been disputed-that margin requirements...
...economy suffers depressions, the art market soars. At an auction last week in Manhattan's Parke-Bernet Galleries, buyers spent $5,852,250 for 72 Impressionist and modern paintings, another $906,375 for 19th and 20th century sculpture. The biggest sale was Van Gogh's Le Cypres et I'Arbre en Fleurs, a sun-touched landscape he painted in the asylum at St. Remy in the last busy and desperate year of his life. It is a relatively small canvas (20¼ in. by 25½ in.), certainly not one of his most spectacular works...
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