Word: pollack
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...revenues of OPEC members are running at $60 billion. Of this, almost a fifth has suddenly cascaded into the U.S., going mostly into Treasury bills or similar short-term holdings. By next year, the total is likely to exceed $70 billion. Writing in Foreign Affairs, Exxon Economist Gerald A. Pollack predicts that by 1980 OPEC'S total annual investable surplus could reach almost $500 billion. This is more than ten times as much profit as all U.S. manufacturers earned last year or, broadly expressed another way, enough to dig 5,000 Suez Canals at the original 1869 construction cost...
...West Coast tycoon has sold one of his two yachts. A socially prominent Manhattan couple has switched from vintage to nonvintage champagne, while some of their affluent friends provide only California jug wine-in Waterford decanters. A Los Angeles millionairess, Elsie Pollack, now features chili at her dinner parties; another wealthy hostess has replaced cut flowers with synthetic centerpieces. A Chicago industrialist has turned in his Cadillac for a relatively miserly Mercedes 220 with a diesel engine that gets up to 32 m.p.g...
...quell a convict uprising. Over the years Alpert, a Swarthmore graduate and ardent feminist, concluded that the radical movement was male dominated and sexist. She also tired of life as a fugitive. "I did not want to spend my life hiding out," she told Federal District Judge Milton Pollack. Accompanied by her parents (her father is a dental-equipment manufacturer), Alpert described her life." return as "the happiest day of my life...
...analysts concluded that Rockefeller tended to sit on stocks instead of playing the market. Says Leslie M. Pollack of Shearson, Hayden Stone, Inc.: "I'm sure Rockefeller didn't count his money every week...
Garrett, a Chicago securities lawyer who served on the SEC staff in the 1950s, quickly supported the elevation of Veteran Staffer Irving M. Pollack to a seat on the five-member commission (TIME, Feb. 11), a move that boosted morale by demonstrating respect for professionalism. Enforcement activities have picked up, as the recent filing of long-awaited fraud suits in the Penn Central case shows...