Word: ownership
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Dates: during 1970-1979
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...serious accumulator, a collectible is any object of intrinsic value and aesthetic appeal. Forget the bottle tops. The field by definition includes such esoterica as crystal paperweights and samurai swords, but anything that can loosely be called art draws the richest audience and the fiercest competition for ownership. And the area is continually expanding as fads and fashions change...
What seems to concern the French as much as the spread of the American scent is the expansion of American ownership of perfume houses. Coty, for instance, is owned by the Pfizer pharmaceutical firm, Pierre Balmain by Revlon, and Jean d'Albret by Max Factor. Globally, sales of U.S.-owned perfume firms exceeded $1 billion last year, compared with $737 million for the French. Girding themselves against further U.S. competition, many older French perfume houses have sought mergers with larger European corporations, and a long moribund national perfume-promoting organization called Prestige has been revived. Says Bernard Lanvin, head...
...Iran: The Illusion of Power, British Journalist Robert Graham published a 3½-page list of holdings of the Pahlavi Foundation that he was able to track down as of the end of 1977 and that he estimated to be worth $2.8 billion to $3.2 billion. They included total ownership of Bank Omran, one of Iran's largest banks; 80% ownership of Bimeh Melli, the nation's third largest insurance company; and full or partial interests in auto factories (10% of GM Iran), cement plants, sugar mills, housing projects and a string of hotels, including the Tehran Hilton...
...committee instead wrote and approved a much tougher bill. It offers Chrysler federal guarantees of $1.25 billion and demands, as a firm precondition, major concessions from all who stand to benefit from the company. It also seeks the creation of an employee stock ownership plan, which some Senators are promoting as a way to give workers a stake in their firms and share in profit growth. But, following Inflation Fighter Alfred Kahn's earlier attack on the "outrageous" United Auto Workers' wage settlement with Chrysler, the committee's most contentious call was for a three-year wage...
This push marks still another turn in Indian militancy. The celebrated cases in which Indian tribes claimed ownership of huge tracts of land now seem headed for compromises. In Maine the Penobscots and Passamaquoddies, who once demanded 12 million acres, or two-thirds of the state, have come down to 300,000 acres, and may well settle for less. Meanwhile, cases arising out of how land and resources are used have multiplied startlingly; there now are an estimated 7,000 claims in 30 states...