Word: lavishing
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Dates: during 1960-1969
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...method of cutting costs: he sacked the bulk of top-salaried employees -which left the New Haven with a chronic shortage of competent executives. In 1954, after a debilitating proxy war, rambunctious Patrick B. McGinnis came in as president; he spent millions to develop futuristic trains and passed out lavish dividends on New Haven preferred stock. When McGinnis departed for the Boston & Maine, he left to his successor and onetime ally, George Alpert, a long-term debt of $200 million...
...small, quiet funeral took place four days later in the placid village cemetery of Ketchum. To the north, the peaks of the rugged Sawtooth Mountains were still capped with snow. To the east lay the lavish summer greenery of the Wood River Valley. Around the rose-covered coffin gathered only about 50 people, mostly Idaho neighbors and some of Hemingway's always-varied circle of friends-a doctor, a rancher, a hotel man, a onetime operator of a gymnasium. "O Lord," prayed Father Robert Waldmann, pastor of Our Lady of the Snows Catholic Church, "grant to thy servant Ernest...
...bonus payments that have cost the majors close to $4,000,000, and Los Angeles Dodger Scouting Director Al Campanis figures that teen-age stars will take in as much as $14 million before the year ends. (They got $7,500,000 last year.) Some of the more lavish handouts...
...most important voice backing Nasser came from Iraq's Major General Abdul Karim Kassem, who, like Nasser, has accepted lavish Soviet aid. Premier Kassem last week fired the entire executive committee of the Iraq Press Association on the vague ground that they were "serving Communism and deriving their inspiration exclusively from Sputniks." Taking over as the new press-association president, pro-Nasser Publisher Al Haj Taha al Fayez rapped out an angry editorial in his daily Al-Fajr al-Jadid: "The sun of the Communists has set. The Communist countries are falling to bits through starvation and ruination...
...foreign investor is likely to risk his money in the future on such a oneway street, South African industry will now have to rely solely on the nation's already pinched capital market for new funds. The announcement came only two weeks after South Africa had inserted a lavish, 24-page booklet into the Sunday New York Times, advertising its "favorable investment climate" and pointing out the bargains available, since "stocks have reached new highs on every exchange in the free world with one exception, the Johannesburg Stock Exchange...