Word: staking
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Dates: during 1960-1969
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...Trunk. Newsboy's current address is the State Prison at Trenton, where he is serving a two-to-three-year sentence on a gambling conviction (his third). Last week, despite the prison bars, Newsboy's money losing continued. This time a fortune was at stake. Walking into Newsboy's cell, the county prosecutor announced: "You've just lost $2½ million.'' Back in Jersey City, two carpenters working on an ancient garage had pried open the trunk of an abandoned 1947 Plymouth sedan. Inside they found a cache of several guns and a small...
...sits down at the piano to torture the company with his own composition. Come with Me (sample line: "Even silly atoms know they should detonate"). Actually, he is a financial wizard who, along with the Zeckendorfs and the Urises, was one of the first to see how a small stake could be parlayed into a real estate empire...
Last year KLM showed a loss of $21 million, the biggest in its 42-year history. This year, with losses up to $11 million in the first quarter alone, KLM's prospects look worse. Declaring that "our existence as a major airline is at stake," KLM President Ernst van der Beugel recently announced to his 17,300 employees plans to cut costs by 13%-largely by lopping 2,000 people off the payroll. This week the Dutch Parliament will take up Van der Beugel's desperate request for a government guarantee of $104 million in new bank loans...
...Millions of dollars (largely American) and a goodly share of the U.N.'s prestige is at stake in making the Congo regime work. Premier Cyrille Adoula tries hard, but thieves roam the streets, and some get jobs as ambassadors. See THE WORLD...
...Holdouts. For most investors, Rhodesian and foreign alike, all this makes Central Africa seem a bad risk. But one important group is holding out against the tide of pessimism: the three great companies that dominate the Copper Belt and have a stake of $850 million to defend in Northern Rhodesia...