Word: ownership
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Dates: during 1970-1979
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...recent months the festering relations between Greece and Turkey had worsened as a result of a dispute over a major discovery of offshore oil in the Aegean Sea near Thasos. The oil is situated in an area where the continental shelves of the two countries overlap, causing arguments about ownership. Turkey has indicated willingness to arbitrate the controversy, but Greece adamantly refuses. At the moment, Athens is in control of the area...
...Greek moderate acceptable to both island communities take over the presidency, or even have Makarios return. Another, less likely possibility is the old idea of double enosis-or taksim, in Turkish-under which Greek enclaves would be annexed to Athens and Turkish zones to Ankara. One difficulty is that ownership of land on Cyprus is so intermixed between Greeks and Turks that neighbors who have seldom agreed on anything would be unlikely to agree on which country controlled individual tracts of real estate...
...fabled Essen-based Krupp industrial empire, which supplied munitions for Germany's military forays for more than a century, was owned entirely by the Krupp family in 1967 when near bankruptcy forced the Krupps to relinquish control. But ownership still remained exclusively German, with 95% of Fried. Krupp Hüttenwerke AG, the steel-producing operating company, in the hands of a foundation. Last week, the Iranian government and the management of Krupp announced that Iran would acquire a fourth of Hüttenwerke's shares-at an estimated cost of $100 million...
...center of the dispute are 13 "freedom" demands that-if adopted -would radically alter the system of team ownership of players by abolishing the option clause, the "Rozelle rule" and other procedures that have severely limited a player's opportunity to move from team to team. The option clause requires a veteran to play out his contract, then put in another year at 90% of his previous season's salary before he can join a new team. According to the Rozelle rule, named after N.F.L. Commissioner Alvin ("Pete") Rozelle, a team that loses a player must be compensated...
Well they might. Earlier, LeRoy persuaded Hardwicke to put up $1.5 million for half ownership of a Manhattan café converted from a theater that LeRoy had acquired so he could be a writer, director and producer. He wanted to transform the cafe into a restaurant where he would "create the sense of spectacle." He did, and Maxwell's Plum is now the paragon of Manhattan's singles spots, earning a tidy 13% profit on a yearly gross of about $4.5 million, and delivering LeRoy a salary of more than $200,000. That leaves the 39-year...