Word: palmful
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When the OPEC oil cartel was at the height of its power in the 1970s and early 1980s, Persian Gulf banks flourished like palm trees in a desert oasis. Arab governments, rich on oil revenues, were financing projects ranging from airports to universities, and the influx of money caused bank assets to grow 20% a year. Newly prosperous gulf families built banks as status symbols to impress their neighbors. The United Arab Emirates, which has a population of 1.3 million, had 53 banks in operation last year. Said an American economist who has studied the financial development of the Middle...
...born) for his high, silvery tenor, who was one of radio's most popular and best-paid stars in the 1930s and '40s on The Camel Quarter Hour and The Coke Club, and later became a wealthy businessman who hobnobbed with socialites and top Democrats, notably the Kennedys; in Palm Beach...
...stop on a 19-day gallivant that has already taken them to Australia and, on a brief stopover, to Hawaii, where the Prince went bodysurfing and the Princess received a brilliantly colorful lei ("Oh, how sweet they smell," she said). After Washington, they were set to jet down to Palm Beach, Fla., for a brisk game of polo and a glittering charity ball for the United World College of the American West...
That night, a gala dinner for the royal couple was planned for the National Gallery, where guests included various Washington luminaries, such as Treasury Secretary James Baker, and a coterie of well-heeled benefactors of the gallery. Charles and Diana were to depart the next morning for Palm Beach to go directly to the Palm Beach Polo and Country Club. Charles, who has brought along his own equipment for his favorite sport, will engage in a friendly match. Plans for the pregame festivities, rife with quirky Americana, included appearances by Disney World's Minnie and Mickey Mouse, a kind...
...lunch, Fisher told "H.V." he was through. At this point, before dessert, H.V., red in the face, excused himself and stalked out. Ironically, when the 1938 Munich crisis heated up, CBS called H.V. to come back and broadcast the crisis because only he understood German. Ruth Brine Kaltenborn Palm Beach, Fla. Draped by Miyake...