Word: richer
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Dates: during 1970-1979
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...Vintner John's armigeral sons emigrated to the American colonies aboard the good ship Safety in 1635. Jimmy's 11th generation ancestor Thomas became a well-to-do Virginia planter, while his elder brother John acquired an even richer swath of Old Dominion farm land. It was John's son, Robert ("King") Carter, who became the first American millionaire. According to Harold Brooks-Baker, Debrett's managing director, hustling King Carter owned 300,000 acres, more than 1,000 slaves and perhaps the largest collection of books in the colonies -at a time, notes Brooks-Baker...
...retired Manhattan textile executive. Together, the family owns 71.3% of Class B stock and 36.3% of Class A stock, which has narrower voting power than class B and is traded on the American Stock Exchange. *Well, richer, Rosenthal is said to earn $120,000; Sulzberger got $210,000, Sulzberger got $210,000 last year, plus a $75,000 bonus. The family trust, part of which he inherits when his mother dies, received $2.7 million in Times common stock dividends last year...
...world's less developed countries, known as the South, have long felt they have a right to share in the wealth of richer nations. They justify this by pointing to past colonial exploitation, etc. The industrialized countries of the so-called North hardly accept that version of history or justice. But they have moved a long way toward agreeing that something must be done to help the Third World...
...worries are exaggerated. Says Harry Taylor, executive vice president of Manufacturers Hanover Trust: "Each lending bank regularly reviews conditions in a particular borrowing country and makes a decision about what the country's lending limit should be." Moreover, bankers point out, most of their loans are concentrated among richer and more productive LDCS where the risk of default presumably is lowest -such countries as Brazil, Mexico and South Korea. By contrast, countries like Pakistan, Peru and Ghana get little commercial-bank credit. Finally, bankers argue, a substantial cut in foreign loans now could lead to social and political disruption...
...revved up the company, branched into trucking and started hauling coal. The partners took over a money-losing coal company and started acquiring leases on vast carboniferous acreage. When coal prices soared in the wake of the 1973 Arab oil embargo, Burford struck it rich. He struck it even richer last fall by selling his biggest holdings for $10 million, retaining royalty rights that could net him and his partner another $10 million. The sad thing, says Burford, is that "nobody else can do what I did. The regulatory facts of life have made it impossible." To get a strip...