Word: riche
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Dates: during 1960-1969
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...North Africa, manipulating puppet princes, exempting themselves from local law and suffocating local initiative. European goods carried little or no duty; native industries were taxed to death. Britain long held spending for Egyptian education to 1% of the budget; France left Algerians 85% illiterate. A few collaborators grew rich: a mere .5% of Egyptians owned 36% of all arable land; 1.5% pocketed 50% of the national income. As one result, there was no development of a middle class, which might have created viable economies and stable governments...
Stays are shorter and guest lists less gilded nowadays, but there are still enough old-rich, old-faithful families who return year after year to keep Europe's deluxe palaces filled nearly to capacity. For $30 and up for a double room, they get majestic grounds and baronial interiors that evoke the glories of la belle epoque, as well as pluperfect service from staffers who frequently outnumber guests, have seemingly been around forever, and never forget a visitor's face or the name that goes with it. Among the continental standouts...
...Rich with insights into the clowns' techniques, Films will undoubtedly add new dimensions to the L. & H. legend -a prospect that Everson contemplates with regret. "Overadulation," he warns, "can often build up a wall of resentment against its objects, who are usually wholly innocent of any involvement in a cult movement, often dislike it, and usually refuse to take it seriously." When he heard about the formation of the Sons of the Desert shortly before his death, Laurel suggested that the club should maintain only a halfway dignity, and that "everybody have a hell...
According to FCC calculations, the company was enjoying more than an 8.5% return on investment, too rich a feast for a public utility. A more reasonable income, said the commission, would be 7% to 7.5%. To A.T. & T.'s insistence that 8% was needed, the FCC replied: "We note from the record that no regulatory agency has ever, in a formal proceeding, approved a rate of return at or even approximating this level for any electric or telephone utility...
...into the nation's vast undeveloped sectors. Beyond the flatlands surrounding the Paraná River is the wild frontier of Mato Grosso, where cattlemen, rubber gatherers, construction men and Indians fight the jungle and sometimes each other. While the initial lure was gold, the area has been found rich in iron, manganese and limestone, not to mention fertile grazing pastures. The trouble is transportation, which is nearly nonexistent...