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...that's absurd. The decisions you refer to affect the American people. They don't affect the Rockefeller family." Throughout, he was at pains to separate his family's wealth from the actual management of companies. "I have not followed the management of the companies I invest in. They are investments for investment, not for control." Though his family has heavy investments in oil stocks, he reminded the committee that he favors an excess profits tax on oil companies...

Author: /time Magazine | Title: THE VICE PRESIDENCY: Making Friends in the House | 12/2/1974 | See Source »

...billion. Rocky replied that such a figure is "totally misleading." Ever since President Theodore Roosevelt broke up the Standard Oil monopoly, he said, the Rockefellers have exercised only marginal control over the oil industry. Family influence hardly compares with that of other groups. "The three major American insurance companies invest $156 million a week. The pension funds of the country invest $200 million a week. The Arabs in a week are accumulating more money than my family has after three generations of work...

Author: /time Magazine | Title: THE VICE PRESIDENCY: Making Friends in the House | 12/2/1974 | See Source »

...dollar's dive has contributed to another upward leap in gold. Free-market prices have been steadily climbing, partly because speculators are betting that Americans will invest heavily in bullion when it becomes legal to do so on Jan. 1, and the latest flurry of concern over the dollar has given added glitter to gold. Early last week the price on the London exchange hit a record $190.25 per oz.-up from $150 only two months ago-before settling down at week...

Author: /time Magazine | Title: MONEY: Jitters and Glitters | 12/2/1974 | See Source »

...about the secrecy surrounding the project. Why, Byrd wanted to know, had the money behind the book been "laundered"? The Rockefeller name, not the money, had been laundered, replied the witness. The family feared that if it was discovered that they were backing the book, no one else would invest in it. Byrd wondered why that mattered since a mere $65,000 was involved-a sum easily raised by Rockefellers...

Author: /time Magazine | Title: THE VICE PRESIDENCY: A Matter of Sharing Apples | 11/25/1974 | See Source »

...with a twist. Robbins' hero, Baydr Al Fay, is really a Jew-a changeling, by Allah! At 40, he is one of the world's richest men, traveling constantly between banking centers to invest Arab oil revenues. Like other Robbins figments, Baydr is also an international satyr whose feats are topped only by those of his insatiable California-born wife. (Yes, Hollywood is at work on the movie...

Author: /time Magazine | Title: Books: Notable | 11/11/1974 | See Source »

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