Word: rothschild
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Many professional critics call steely-haired, iron-willed Joe Heitz, 58, one of America's two or three best wine makers. His 1970 Cabernet Sauvignon knocked off the fabled Château Latour, Château Lafite Rothschild and other French pedigrees in some blind tastings. When French experts sent him a praising letter, he wrote back: "Why don't you lower your import barriers?" The visitor gets the idea that Heitz would have done well even if he were making caps or car wax instead of wine...
...deal. At least one turf-preoccupied London bus driver became famous for tooling past passenger queues and rushing instead to the betting shops along his route. Not surprisingly, Gamblers Anonymous operates a 24-hour rescue service in Britain. Says the respected British scientist and public policy analyst, Lord Rothschild: "Napoleon called us a nation of shopkeepers, but I think we are a nation of gamblers...
...that it will attempt to establish a new, more effective set of rules for the national pastime. The recommendations were part of a sweeping report on gambling, 2½ years in the making and 581 pages long, that was issued by a nine-member Royal Commission chaired by Lord Rothschild. The document constitutes the most exhaustive study of the British gambling industry's practices, growth and problems in more than 25 years...
...Rothschild report found, among other things, that 94% of the adult British population gambles at some time or other, 39% regularly. Happily the commission did not find that the national passion produced any harmful social or economic side effects. Rather, it suggested ways in which gambling could be more constructively channeled into socially beneficial directions. Noting that some London casino operations make 400% returns on their investments and that Ladbrokes, the best-known name in British bookmaking, doubles its profits every two years, the commission also pointed to the country's depleted coffers and held out the public hand...
...Americans are exempt from the ravages of inflation. In some cities, a nouveau riche class is rising: childless young couples entering professions in which salaries are shooting up. Says Mary Rothschild, 26, a Seattle editor: "A few years back when I was in school, I owned two pairs of jeans and three shirts." Now she and her lawyer-husband Peter, 30, earn $40,000 a year; they own two cars and a half-interest in a sailboat, and they eat at good restaurants frequently...