Word: minting
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Dates: during 1970-1979
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...spent last week with his family, skiing on their favorite mountain, Ajax, at Aspen, Colo. Three weeks ago he resigned unexpectedly as president and chief executive of Automation Industries Inc., after "a difference in philosophy" with the company's founder-chairman. Segel, 42, prepared to leave the Franklin Mint, the world's largest producer of coins and medals for collectors, which he founded. He retires this week as chairman, five years after he voluntarily began easing out so that he could focus on his other interests, including the United Nations Association, whose board of governors he heads...
...less than it now spends on copper. Thus, not only will pennies cost less to produce, but the likelihood of their again reaching the melting point within the next several years will be sharply reduced. To critics who like the reassuring heft of copper, the Bureau of the Mint points out a shade defensively that aluminum is an acceptable coinage metal in 36 countries of the world. What the Mint fails to add is that many of these are among the world's poorest nations...
...pretensions, and it is toward this mecca of the Horatio Alger dream that Thompson heads. He speeds dope-crazed along the desert in a rented convertible, The Great Red Shark, accompanied by his Samoan attorney. Ostensibly he is on assignment for an East Coast sporting magazine to cover the Mint 400, a renowned motorcycle race. But the story is thwarted when the plush and highly sophisticated atmosphere of the race is choked with desert dust, and press coverage becomes as futile as "trying to keep track of a swimming meet in an Olympicsized pool filled with talcum powder instead...
...GOOD BEHAVIOR; FREE THE WATERGATE 500; NIXON BUGS ME. Even old 1968 campaign buttons reading "Nixon's the One" have been sported for possible misinterpretation. In California, wags predict that a well-known ice-cream company is about to introduce a new flavor called "impeach-mint." Midwesterners say that "even John Wayne has been implicated-they found hoof-prints outside the Watergate...
SATURDAY. The Preakness. The 98th running of jewel two of the Triple Crown from Pimlico Track in Baltimore. Md. I have 5 smackers and a mint julep riding on Derby-winner Secretariat to take the first Triple Crown since 1948. My bookie predicts strong challenges from Sham and Impecunious. CH.7. 5 p.m. Color. Live...