Word: rainiers
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...matchless monogram on an alien environment. Since her 1956 abdication as queen of the M-G-M lot (185 acres) in order to reign over Monaco (368 acres), Grace has made a home of the old, 200-room palais princier, which had fallen into disuse when Prince Rainier lived in bachelor discomfort on Cap Ferrat. Redecorated, replumbed and filled with flowers, the hilltop palais princier echoes again to the laughter of frequent guests and splashings from the heated pool that Grace built...
...plot of undeveloped land, it was planned to sit within a wall of buildings that shuts out the unpleasant surroundings. Space Needle visitors get an enchanting view of the city's lights at night, and by day a panorama ranging from America's Fuji-Mount Rainier-to the snow-capped Olympics rising beyond white-capped Puget Sound. Forty-eight governments have exhibits in the fair, ranging from France's $1,000,000 exhibit (a bargain by world's-fair standards) to tiny San Marino's stamp and pottery show...
...chance were producing enough cash to run his government and to keep his people in artichokes, Monégasques have been free of the responsibility of taxes. But with the revival of big-time gambling in neighboring France after World War II, Monaco's Casino profits suffered. Prince Rainier III solved the problem by encouraging individual corporations to set up headquarters in the Monégasque tax haven. They responded with alacrity; since 1959, Monaco's business volume has doubled to $200 million annually, and the number of corporations based there has climbed...
...uses French electricity, French money, the French railway, and the French telephone system, sends its goods into France duty free. To quiet the screams of French businessmen who claimed that vast new imports of duty free Monégasque products were cutting into their domestic markets, France suggested that Rainier modify Monaco's tax privileges. Rainier refused, huffing "Neither I nor the Monégasque people can or will accept these demands. They mean the end of our liberties...
...maybe five-of them are pictures of which I am not ashamed," Dobell was nonetheless astounded at his new rating in the art market. His first reaction: "People must have more money than sense." As abruptly as he had jettisoned them three years ago, Monaco's absolutist Prince Rainier III, 38, restored to his subjects their 51-year-old constitution and frump Parliament. The de-putsch decree -designed to juice up Rainier's popular support and democratic image-was proclaimed on the eve of a showdown with Monaco's protecting power, France, over the principality...