Word: richest
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Dates: during 1990-1999
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...author's former Shangri-La. A rancid attack by Atlanta-based free-lancer Ed Hinton in January's GQ charged that Grisham is sullying the sacred ground where Faulkner once trod: "In a long line of Mississippi writers, Grisham is a singular aberration and paradox, the worst and the richest, the least distinguished and the most popular." The article outraged most locals, who point out that Grisham helped pay to repair the Faulkner estate and rescued a new literary periodical, the Oxford American. Says novelist Barry Hannah, who has a formidable reputation but not Grisham's millions: "I guess...
Cheyenne once claimed she was "the most beautiful, most intelligent and richest girl in Tahiti," and there are those who agreed with her. But she was also probably the most anguished. In the past few months, the onetime model gained so much weight that she began to resemble her corpulent father. Her behavior was so erratic that when she recently invited three friends out for coffee in nearby Papeete, she paid for the coffee by writing separate checks...
...Grand Banks fisheries off the coast of Newfoundland have long been the world's richest supply of fish; today, they are a sad exemplar of the tragedy of the commons. In this tragedy, a shared resource is pillaged by those with access to it because, where individual and group incentives collide without coordination and enforcement, the individual incentive reigns supreme. Although all nations with rights to fish in the area have a group interest in sustaining the fishery, each individual nation has an incentive to overfish, so long as all others play by the rules. This dynamic produces a downward...
...signed within days. But TIME business reporter Bernard Baumohl notes that MCA and Seagram still do not have any formal relationship and that Seagram is declining to comment on the reported sale. Seagram, the Canadian liquor, wine and juice company controlled by one of the world's richest families (the Bronfmans), is said to be financing a purchase of MCA with $8.8 billion it earned by selling its 25 percent stake in chemical conglomerate Du Pont. Oppenheimer analyst Roy Burry tells TIME that the tentative deal, as reported, is a poor one because the MCA purchase price is too high...
...friend of mine, who shares my weakness for making ill-fated investments, recently bought a share of Berkshire Hathaway. That's the flagship company of Warren Buffett, who recently surpassed Bill Gates as the nation's richest human. Like many of us, Buffett started with a modest bankroll, only he managed to turn his into $13 billion-plus. We've seen oil magnates, real estate moguls, shippers and robber barons at the top of the money heap, but Buffett is the first person to get there just by picking stocks...