Word: pocketing
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...Peter Shayne, 46, a Los Angeles native. Shayne set up a sea urchin processing plant in Chile in 1968, but was expelled by the government of Marxist President Salvador Allende in 1970 as an unwelcome American businessman. Shayne eventually wound up in Ecuador with $20,000 in his pocket and decided to go into the shrimp-packing business; in 1974 he started his first shrimp farm. Now a millionaire, Shayne is one of dozens of wealthy shrimp farmers in Ecuador...
...graduates belong to the Institute of Certified Financial Planners, which in January will begin setting education standards for its members. The Atlanta-based International Association of Financial Planners claims 8,200 members. As of now, there are no licensing requirements anywhere in the U.S., and almost anyone with a pocket calculator can call himself a financial planner. Says Association Executive Director Vernon Gwynne: "There are people calling themselves planners who aren't really qualified...
...retained the services of First Boston Corp., whose merger mentors, Joseph Perella, 39, and Bruce Wasserstein, 33, last March masterminded Fluor's $2.7 billion purchase of St. Joe Minerals. Their fee for that deal: $3.5 million. If Du Pont wins Conoco's hand, First Boston could pocket as much as $15 million. But even if some other firm walks off the winner, First Boston will still claim a $750,000 loser...
...cargo preference bill report in 1974 was a panegyric to the glories of forcing more oil imports into American ships. The inflationary impact from the higher rates was largely an untold story. Stockman unraveled it and alerted the Republicans. Though the bill passed, President Ford killed it with a pocket veto...
Animals are also reappearing. Pocket gophers, once regarded as pests because they eat young conifers, may prove to be man's allies: their labyrinthine burrowing improves soil aeration and helps water flow through the compacted ash. Elk and deer have been spotted around water sources in the blowdown area. Though fish are unlikely to be seen in Spirit Lake for years, bacteria and algae have colonized the lakes to become the first link in a developing food chain. The insect population was heavily damaged, but scientists are now finding ladybugs feeding on the sap of green bracken ferns, which...