Word: fastnesses
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Dates: during 1960-1969
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...Fast Financial Footwork. Since 1959, when his debts reached a staggering $104 million, Zeckendorf has kept Webb & Knapp alive by fast financial footwork. The company lost $19.6 million in 1962, $32.3 million in 1963. Zeckendorf has lost or sold all of his hotels, one to Goldman & DiLorenzo, partners in a fast-rising real estate firm (TIME, March 12) that has bought other Zeckendorf buildings and is thriving on Webb & Knapp's decline. He also launched a number of money-raising operations. This year, in a complicated series of transactions based on the sale of a promising and diversified company...
...visiting his plants in Europe, Latin America or Africa-an activity that consumes half his time-J. Peter Grace is apt to spend his evenings studying chemistry in his Long Island home. "I'm not a chemist by any means," he explains, "but things change so fast in chemistry today that any man would have to study just as hard as I do to keep up." Grace's studies have paid off for the firm that he heads, W. R. Grace...
...Campos raised taxes and suggested that they trim profit margins, they lined up to take the price pledge with a minimum of arm twisting. Says Max Pearce, the boss of Willys-Overland do Brasil: "Who can take the risk of not signing up?" New applications are pouring in so fast that CONEP has had to set up six branch offices around the country...
...volume of advertising is rising by about 15% a year. Last year it hit some $22 million in the Philippines, $26 million in Malaysia and $36 million in Hong Kong. Though most of the ad business is controlled by local, Japanese or Australian agencies, U.S. agencies are moving in fast. J. Walter Thompson has a staff of 100 in Manila alone, and Ted Bates & Co. has an interest in Hong Kong-based Cathay Advertising, which bills $4,000,000 throughout Southeast Asia. McCann-Erickson has opened offices in Manila and Hong Kong, and is starting up in Kuala Lumpur, Singapore...
...dime-novel hero, Kid Shellen. A "good" killer, the Kid arrives in town unable to live up or even stand up to his legend. His eyes are bloodshot from poring over whisky labels. On ceremonial occasions he wears a corset. When he is primed with rotgut, his fast draw is apt to pull his pants...