Word: jose
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Dates: during 1970-1979
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When an outsider moves to take control of a long-established local business, the process can be about as amicable as a custody fight in family court. Right now, two modest-sized U.S. banks, one in San Jose, Calif., the other in Pontiac, Mich., each with assets in the $300 million range, are embroiled in takeover proceedings that are even more acrimonious than usual. The reason: in both cases, the would-be investors are Arab nationals-the forerunners, as some impassioned local citizens see them, of a full-scale economic invasion by Middle East oil sheiks...
...happens, Saudi Arabian Entrepreneur Adnan M. Khashoggi, 39, who has offered $14 million for a controlling one-third interest in San Jose's First National Bank, derives his millions not from oil but from a worldwide conglomerate which deals in real estate, autos and the construction of military installations in Saudi Arabia. Khashoggi, whose father was personal physician to the late King Saud, was educated at a California college (Chico State) in the 1950s, and already controls two local banks in the state. But he was prepared for trouble when he made his bid in November...
...communities will be grappling with when oil-country surpluses begin to flow heavily into the U.S. in the form of investments in property and businesses, big and small. In fact, Americans will simply be experiencing what people in other lands learned to live with long ago. Says a San Jose physician: "Now I understand why nationals of other countries have resented American investments in their corporations." For better or worse, the sandal is clearly on the other foot...
...game, he is among his league's top scorers, and last year he carried his team to a national championship. When he plays in his club's home arena, screaming girls shower him with confetti and every game is S.R.O. Despite his popularity, Jimmy Wilkins of San Jose, Calif., is unfamiliar to American fans; he plays for Spiel und Sportverein (Game and Sports Club) in Hagen, West Germany...
...second trial of Martin Peretz's investigative reporting policy, an Independent editor discovers that Stephen S.J. Hall's third name is Jose, and that Hall is still working, two months after Bok laid off all people with Spanish surnames. Hall agrees to go quietly. "If Roberto Ungar counts, so do I," he says. "El pueblo unido jamas sera vencido...