Word: fay
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Dates: during 1980-1989
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...began over a year ago, when Auckland Investment Banker Michael Fay overturned 30 years of tradition and challenged the San Diego Yacht Club to a one-on-one race, instead of joining a regatta planned for 1991. When a New York State Supreme Court upheld Fay's captious interpretation of the rules, San Diego countered in kind by saying regulations permitted it to defend in a $ catamaran, a multihulled craft usually speedier than a monohull...
...again blazed ahead, winning by a comfortable 21 min. Back on land after the first contest, the Kiwis complained that Conner had not beaten them by a large enough margin. They argued that Conner slowed down to make Stars & Stripes seem more equal to their big boat, thereby defusing Fay's claim of a mismatch. Asked by a reporter if he were "dogging it," Conner snapped, "I'm sailing a cat. Someone else is sailing...
...committee of Cup heavyweights has proposed amending the rules so that renegade challenges and disagreements among competitors can no longer disrupt the festivities -- and the cash flow for the regatta's host city. Although Fay approves of the idea, he still intends to go back to court to challenge last week's outcome. If the judge agrees that the cat was illegal, the mug will go to New Zealand. In that case, Conner said he'd just have to go Down Under and win it back again. Maybe the next time they'll both be sailing in turkeys...
...businesses or trying to expand successful ventures. The majority of companies currently owned by women were started with less than $5,000. One reason: because many of the companies are service firms, their founders usually have few hard assets to pledge as collateral for loans. In 1979, when Kathleen Fay Jensen and Angela Franklin were raising money to set up the Professional Reliable Nursing Service in Modesto, Calif., they had nothing but a 1936 Pontiac and a silver tea set for collateral. They managed to get a $9,000 loan, but most women entrepreneurs are not so fortunate. A surprising...
...Fay Prize has been awarded annually since 1921 to a graduating senior who "during her whole course by her scholarship, conduct, and character has given evidence of the greatest promise," according to the award's charter. The winner receives a LatinDiploma and a stipend of nearly...