Word: paule
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Dates: during 1950-1959
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...Paul Methodist Church Jamaica...
Ellington at Newport (Columbia). An audible report on the highly charged performance of Diminuendo and Crescendo in Blue, which set Newport bloods to stomping up the aisles last summer. Most notable: the supple solo by Tenor Saxman Paul Gonsalves, who lovingly rocks through no fewer than 27 choruses...
...mile-square Neutral Zone between Kuwait and Saudi Arabia, meant more than just a new source of oil. For Wafra, it pushed output above 50,000 bbl. a day and increased estimated reserves to more than 5 billion bbl. For a tall, stoop-shouldered American named Jean Paul Getty, it was a multimillion-dollar payoff on a daring gamble...
Rich Man's Son. Getty had a good headstart on the way to his fortune. His father, George Getty, a wildcatter, left an after-tax estate of more than $8,000,000 when he died in 1930. About 90% of it went to Paul Getty's mother, $1,000 to charity and only $500,000 to Getty because the father disapproved of his marital escapades. Nevertheless, Getty persuaded his mother to wager the family's stake on the chance of becoming an oil major-leaguer by buying into oil companies. He took over the Pacific Western...
...Gamble. During these early skirmishes, oil executives looked down upon J. Paul Getty as a "stock man" rather than an "oil man." But Getty proved he was an "oil man" in the Middle East, where he felt he needed reserves to mold an integrated oil empire. In 1949 he bought the oil rights to Saudi Arabia's 50% interest in the Neutral Zone. The price: a sky-high $9,500,000 plus a minimum $1,000,000 a year for three years -against royalties of 55? a bbl. Then Getty pumped $3,000,000 into exploration and development...