Word: pyramids
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Dates: during 1970-1979
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...could only return to a recognizable body-hence the art of preservation. Aliki's crisp narrative and delicate artwork never veer toward necrology; her interest is in the living past, and her guidebook flatters both the child who receives it and the giver who puts it under the pyramid-shaped tree...
Through other trades, he swelled his market stake to six figures. ''But the stock market was a little slow for me. Man, I thought I could do better in commodities. In commodities you make a profit, then you buy more, you pyramid. I was shorting wheat like crazy when Eisenhower landed Marines in Lebanon. Everybody bought wheat, and it soared. I lost all my $100,000.'' Canizaro...
...conditions today look frighteningly similar to those of late 1929. Then the panic was spawned by the Federal Reserve's attempt to nip speculation by raising the discount rate a full percentage point from 5% to 6%. The nation's banks in 1929 had built up a pyramid of foreign debt. National City Bank judged that Peru had a "bad debt record, adverse moral and political risk, bad internal debt situation"-and then lent the country $90 million that was soon defaulted. Wall Street banks today have $48.7 billion in loans outstanding to Peru and other oil-poor...
Meanwhile, the hacendados (estate owners), who once were undisputed masters of million-acre game preserves and cattle ranches, have been displaced from the top of the social pyramid by a new elite of rich cosmopolitan entrepreneurs and a growing middle class. Mexico City's Bernardo Quintana, for example, built the capital's famous subway system and now handles construction projects all over Latin America. Another highly successful family is that of Garza Sadas of Monterrey, whose investments in tourism and Grupo Industrial Alfa, an industrial conglomerate, are estimated to be worth $1 billion...
...even the creakiest practitioner of the inverted-pyramid style of journalism will have to agree that behind the mannered realism of The Right Stuff thumps the heart of a traditionalist. The organizing principle of the book is an old-fashioned fascination with, and admiration for, the test pilots and fighter jocks of the U.S.'s first astronaut team: Scott Carpenter, Gordon Cooper, John Glenn, Gus Grissom, Wally Schirra, Alan Shepard and Deke Slayton. In addition, the book has a superhero, Chuck Yeager, a World War II combat veteran who broke the sound barrier in 1947 and rewrote aviation history...