Word: partner
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Dates: during 1950-1959
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...comparatively few good areas still unallocated in the Middle East. For an offshore Iranian concession earlier this year, Indiana Standard paid a $25 million cash bonus, promised to spend $82 million in twelve years developing the area, and by accepting the state oil agency as equal operating partner entitled to half of future profits, in effect gave the Iranians a 75-25 share of total profits. The big established companies were bothered but not outraged...
...free its oil from the entanglement of Arab politics and the dangers of a blockaded Suez Canal, Iran last week signed an agreement with its Baghdad Pact partner, Turkey, for a $500 million oil pipeline. Presumably, oil from the rich new northern field of Qum will be piped over the mountains to a Mediterranean port in southern Turkey. Estimated savings in oil transport costs...
...phlegmatic Fangio won the world driving championship. He won it again four times in the next six years, driving for Alfa Romeo, Ferrari, Maserati and Mercedes-Benz. Twice he narrowly escaped death. In 1948 his car went off the road in the Grand Prix of South America, killing his partner. In 1952 he broke his neck in a race at Monza, Italy. But Fangio developed the delicate sense of touch that enabled him to tread the fine line between the speed that wins and the speed that kills...
...Evening with Fred Astaire (NBC, 9-10 p.m.). The dancing master, still loose as a goose at 59, launches on his first network TV flight; with him is Barrie Chase, lis new partner. In color...
...that the Reynolds Metals Co. asked for was a new set of the most efficient offices they could get, and Gordon Bunshaft, design partner of famed Skidmore, Owings & Merrill, produced a high-efficiency aluminum, glass and steel building, set squarely behind its own private reflecting pool five miles north of downtown Richmond, citadel of the Old Dominion's fanciers of mellow brick, white porticoes and neo-Monticello atmosphere. Reynolds expected furious protests from wave on wave of outraged Virginians. Instead, the distinguished director of the Virginia Museum of Fine Arts, Leslie Cheek Jr., told them that whether they knew...