Word: secretariats
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...group set up a formal headquarters in Paris, complete with a paid secretariat, policy and operating committees and detailed rules for dividing up markets and fixing prices. Those rules forbade members to share markets or rig prices in France, South Africa, Australia, Canada and the U.S., in order to stay clear of local antitrust rules. But whenever a member company learned of a potential order from an outside country-Japan, say, or Spain-it had to inform the secretariat. The cartel would then select a member to bid at a price it had set; to preserve appearances, another member would...
...sees his bishops only in groups; many would prefer individual meetings on some topics and consider this a serious handicap. Decision-making processes within the Vatican show signs of Paul's flagging energy. Says one secretariat official: "Papers that we urgently require are delayed. Often we have to phone the Pope's secretary for instructions right on the eve of an important meeting-instructions we have requested weeks before." It is nine years since Paul has issued an encyclical (the last was his controversial birth control decree...
...canopies covering the caviar at auction-weekend parties, the talk was peppered with the names of sires: What A Pleasure, Round Table, Sir Ivor, Northern Dancer. A casual comment about one filly brought the quick question: "How was she bred, ma'am?" The equally quick answer: "By Secretariat out of Crimson Saint by Crimson Satan, seven wins in eleven starts for over $90,000." That yearling was gaveled off at Keeneland a few days later for $275,000; another, by Bold Bidder, went for $400,000, just $5,000 shy of the record for a filly...
Seattle Slew thus entered a small enclosure of racing royalty that includes Gallant Fox, War Admiral, Count Fleet, Citation, Secretariat. And with a particular distinction: alone among the Triple Crown winners, Seattle Slew has a perfect record. The Belmont Stakes was his ninth trip to the starting gate and his ninth run to the wire as a winner. In the week before the Belmont, there was little doubt among backstretchers that Seattle Slew would complete his sweep. Secretariat Owner Penny Tweedy Ringquist, whose Spirit Level took his shot at Slew and lost, said: "Seattle Slew is head and shoulders above...
Exactly how good is the new champ, and how does he compare with colts of memory fresh and dim? His light racing experience somewhat handicaps judgment, as does the lack of first-class competition. He has seldom shown the scorching times of Secretariat, nor does he appear to have Big Red's hunger for the killer win, as in Secretariat's unforgettable 31-length victory in the Belmont. Slew seems content to put out enough to win and no more...