Word: retainers
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...member selection committee, came to tell him and his crewmen the news: "Gentlemen, you have been selected to defend the America's Cup." Skipper Turner, 38, a Georgian who owns the Atlanta Braves and the Atlanta Hawks (TIME, Aug. 8), had won the right to try to retain for the U.S. the world's oldest international sporting trophy by defeating the other two U.S. aspirants, Enterprise and Independence, in 26 out of 35 races. Before the beginning of the race against the foreign challenger Australia on Sept. 13, Turner plans to take a few days off-to sail...
...team had to cope with allies as well as adversaries. At certain critical points, President Carter disrupted negotiations by sounding off in public. In a speech last month, for example, he casually remarked that the U.S. might retain "partial sovereignty" over the canal even after 2000. Panamanians, who thought that issue had been settled, exploded in outrage until they were reassured by Bunker and Linowitz. "Well," noted a participant, "there isn't much we can do about loose language...
...Momo-tombo, near the proposed canal line. The Senate switched to Panama on June 19, 1902. Soon afterward, Roosevelt and Secretary of State John Hay began to press Colombia to agree to a treaty. Their offer: $10 million in gold, plus an annual rent of $250,000. Colombia would retain sovereignty over a six-mile-wide Canal zone, but the U.S. would have the right to enforce its own regulations there. The U.S. Senate approved the treaty, but Bogota rejected...
...sands of northeast Africa were a cockpit of conflict between rival European colonial powers, chiefly Britain and Italy. Today, in both Eritrea and Ogaden, the central issue is the integrity of national boundaries, v. self-determination by individual provinces or tribal groups. The Ethiopians are resolved to retain the territory they acquired during a century of expansion. The Eritreans, whose land was an Italian colony until 1941, are fighting for independence; the Somalis are pursuing their dream of uniting the various Somali homelands under one flag. But these conflicts also have international significance. The Horn of Africa, lying beside...
Coke officials have no objection to turning majority ownership of their Indian subsidiary over to Indians. But they insist that Coke must retain firm control of the quality of drink produced and, above all, the syrup-making secrets. The original Coke formula, so goes company gossip, is kept in a vault in a Georgia bank and is known to no more than ten people in the world. The formula contains an ingredient called 7X, which no one has managed to duplicate. The Indian government's view is that the 1973 law obliges all foreign-owned companies-European as well...