Word: gilts
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...seen it soar to $500,000 today, do have some problems. How can they get their eggs out of the one big basket, spreading the risk by putting their money into a number of stocks, without paying the 25% federal capital-gains tax? To help investors out of this gilt-edged dilemma, two young Denver bankers, Ranald H. Macdonald, 36, and William M. B. Berger, 35, launched a new mutual fund that permits diversification without selling and paying taxes...
Thailand has great charm and an air of mystery. Bangkok, with its rivers and winding canals, is an Asian Venice filled with hundreds of temples rising above the sluggish klongs like gilt and gaudy dreams. India, for most tourists, is limited to Bombay (where they land), Delhi (where they go to see the Taj Mahal at nearby Agra), Banaras (for its burning funeral ghats) and Calcutta (famed for slums and the Black Hole). Many tourist wonders lie off the beaten track but lack good hotels. Exceptions: the rose-pink city of Jaipur and Purion the Bay of Bengal, only...
Behind frosted glass doors in a ramshackle former Masonic lodge building in Nashville, Tenn., sit the song peddlers. Their product, proclaimed in gilt letters on the door, is variously billed as "Wonder Music" or "Surefire Music" or "Tenn-Tex Music," but in the industry it is known simply as C. & W. Country and Western. Last week, to the planeloads of disk jockeys descending on Nashville for the ninth annual National Country Music Festival, C. & W. seemed surefire indeed. Its demise has often seemed near, but it is now going stronger than ever, and Nashville has even nosed out Hollywood...
Unreal City. Boston, in the view of its Broadway visitors, is a city as unreal as Morgan le Fay's forest, consisting of just a few buildings and a couple of dozen cabs. As Camelot principals were shuttling back and forth between the gilt Shubert Theater and the plush Ritz-Carlton Hotel, everyone was rewriting Camelot. Bit players were suggesting changes to chorus girls. Even floor waiters appeared to have a new second act under their silver dish covers recalling Moss Hart's adage that when a show is in trouble, room service invariably seems awful...
...with a new species of Anglo-American characters known, even among themselves, as bull bums. Before a bullfight, these happy eccentrics can usually be found tossing down a fino in the lobby of the leading hotel or paying respects as the matadors nervously squeeze into their tight pants and gilt jackets...