Word: ponts
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Dates: during 1970-1979
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What is better than What is better than owing $64 million? Well, owing only $20 million-as, now, does Lammot du Pont ("Motsey") Copeland Jr., a great-great-great -grandson of the founder of the Du Pont dynasty. Climaxing one of history's largest personal bankruptcy actions, his overworked platoon of Wilmington lawyers settled with a creditors' committee, whittling down his debt from a series of misbegotten enterprises...
Thirteen months ago, before lunch with three prominent journalists, French President Georges Pompidou remarked: "To each his troubles. Nixon has Watergate, and as for me, I am going to die." None of his three companions-Françoise Giroud of L' Express, Pierre Viansson-Ponté of Le Monde and Roland Faure of L 'Aurore-used the information directly or indirectly while Pompidou lived. Nor did Giroud publish the news that Pompidou was suffering from multiple myeloma (bone-marrow cancer), a fact she had learned prior to the lunch last spring...
...Cluny Museum, dates from 1900, fully a decade before the mutual creation of abstract art by Larionov, Kupka, Kandinsky and Arthur Dove. Amiet's work, though less aggressively avantgarde, is also of more than parochial quality. After his early apprenticeship with Gauguin's disciples in the Pont-Aven group, he never lost his interest in broad, ripe patternings of color. The colors - as in Apple Harvest, 1907 - could attain an ecstatic, ballooning lightness...
Indeed, the big buying action on Wall Street these days is in the stocks of sound, old-line companies like Exxon, Bethlehem Steel and Du Pont. Such glamour stocks as Xerox, IBM and Eastman Kodak are still going down, partly because there is no shortage of copiers, computers or cameras. Also, many of the former highflyers pay small dividends or none at all. The standard industrial companies often pay dividends equaling 5% to 6% of the price of their stocks and so are better able to compete against other investments in an era of still lofty interest rates...
...been going into land development or construction, or simply buying land and holding it for price appreciation. Chrysler Corp., for instance, has invested $89 million in diversified real estate ventures. General Electric has shifted 15% of its $3 billion pension fund into real estate. Other big players: ITT, Du Pont and U.S. Steel...