Word: retreating
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...live like an Indian prince," says a friend. His holdings include the 2B Ranch, a 14,000-acre spread where he and Beatrice stable eleven horses and hunt together. Then there is a 6,500-acre Oklahoma cattle ranch and, for a change of scenery, a vacation retreat in California's Palm Springs. Pickens' $1.5 million year- round home in Amarillo boasts a sunken tennis court, a 20-ft.-high glass- enclosed gallery, plus a library of more than 1,000 volumes that includes a collection of rare illus- trated books on American Indians...
...always, Wall Street opinion is divided. Says Peter Furniss, a senior vice president at Shearson Lehman Bros.: "This is like a frat party. We're having fun now, but soon somebody is going to call the cops, and the party will be over." Furniss predicts that the Dow may retreat to 1245 before making another bullish move. Richard McCabe, market- analysis manager for Merrill Lynch, disagrees, forecasting that the Dow will hit 1300 this month. McCabe believes that several stock groups are still bargains. Among them: companies in the paper, chemical and aluminum industries...
...Pope the need for compromise in dealing with the liberation theology issue. In Boff's case, the Vatican's concern was that if the friar took a defiant stand, he might gain further support from important elements of the Brazilian church, turning a disciplinary action into a no-retreat showdown...
...President, "that was very upsetting to her." The First Lady was hurt when she had feelers sent out about getting an honorary degree from her alma mater, Smith College, and Smith refused. As a reaction to the general antipathy in 1981 and 1982, she says now, "I tended to retreat and hold back." She went from a petite 114 lbs. to a rather gaunt...
According to Ronald Reagan, it was a matter of conscience. Administration critics suspected that he had political considerations in mind. Whatever the reason, the President last week felt a need to retreat, at least briefly, from one of his Administration's most staunchly held foreign strategies. In an International Human Rights Day address, Reagan paused in a litany of familiar themes (the Soviets' "barbaric war" in Afghanistan, Iran's persecution of the Baha'i religious minority) to broach a surprise topic. "The U.S. has said on many occasions that we view racism with repugnance," he asserted...