Word: millions
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Dates: during 1960-1969
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...syndicate, however, has been unable to take all the gold that South Africa has offered. The Bank of Portugal has broken the central-bank boycott and bought some of the rest at the official $35 price. The Lisbon bankers took about $145 million worth in 1968 and another $120 million worth early this year. Johannesburg moneymen also believe that South Africa has loaned some gold to other African nations...
...Talk. In addition, central bankers strongly suspect that South Africa has deposited some of its gold in foreign banks and subtracted the deposits from its figures on gold reserves. That ploy would tend to make the boycott look even more ineffective than it is. British statistics show that $222 million in South African gold entered the U.K. last year. Most of it is probably to be found in South Africa's account at the Bank of England, which does not divulge what it is holding-but which has received South African gold ever since that country's first...
Customers obviously enjoy buying Mutual of New York policies from former Boston Celtics Ace K. C. Jones, now head basketball coach at Brandeis University; he has earned membership in the insurance industry's "Million-Dollar Round Table." Maury Wills, the Dodgers' speedy shortstop, does a brisk business at his six Stolen Base Cleaners in the Los Angeles area; he is currently expanding the chain into a nationwide franchise operation...
...going higher, and hours are getting shorter. People have got to have a place to spend it." That is the basic business maxim of Kirk Kerkorian, the travel-and-leisure entrepreneur whose retiring manner belies the fact that in 20 years he has amassed a fortune estimated at $275 million...
...Vegas. Kerkorian dislikes being compared with Hughes, saying, "He is a mountain, but I'm a molehill." Still, he outdid Hughes by building a 1,519-room hotel, the International, opposite Hughes' new 476-room Landmark Hotel (TIME, July 11). The International cost Kerkorian $52 million and is designed for family-style leisure amidst pools, lagoons and tennis courts; there is even a special camp for juvenile guests. Kerkorian is also the largest stockholder in Western Airlines, which serves Las Vegas and other Western cities. That investment could bring him into even closer competition with Hughes...