Word: resorting
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Dates: during 1940-1949
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...capital. There the British-dominated diamond cartel has held the famed "sights" at which it sells its uncut stones. Last year Britain re-exported ?35 million ($98 million) worth of diamonds, more than half of them to the U.S. But due to currency controls, the diamond merchants had to resort to sharp practices to stay in business...
These men-and the possibility that others would join their ranks-were among the reasons why a new meeting of the Cominform was held, "somewhere in Hungary," in the latter part of November. (French diplomatic sources spotted it at the resort of Galyateto, in the Matra mountains.) "Titoism" was spreading. One of the most exciting rumors current in Europe was that there might soon be a major addition to the list of dissidents: Rumania's Amazonian Ana Pauker, announced the Rome radio, was not at the meeting and was reported to be in difficulties with Moscow...
...Resort Trouble. Like all other hotel-men, Conrad Hilton is currently riding the crest of the wave. In most hotels, the trick is still to find a room and Hilton is confident that business will remain good for at least five years. Because of increased efficiency, the break-even point of Hilton hotels is now down to about 60% to 75% of capacity, as against a national average of 80%. For the first ten months of 1949, their operating profit totaled $6,886,108, slightly higher than last year...
Hilton's only recent flops have been in resort hotels. (He does not consider the Caribe Hilton primarily a resort hotel.) "Whenever you see an offer of a 'Hotel in the Pines,'" says he, "stay away from it." He bought the Palm Beach Biltmore, was glad to sell it for a net loss of $183,353, also lost money in a flyer in three Bermuda hotels...
...suit filed by Vladimir Krajina, Czech refugee and onetime resistance fighter. The Soviet Embassy had declared Tass a state organ (TIME, July 11), and a British court had no choice but to grant diplomatic immunity to Tass, which had accused Krajina of being a traitor. Krajina's last resort was to appeal to the House of Lords...