Word: staking
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Dates: during 1970-1979
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Accept Insults-for a Price. To raise funds for a new science building, students at Maine's Unity College sold raffle tickets entitling them to throw pies at faculty members. Past President Allan Karstetter squashed a pie on his own face to collect a $200 stake put up for the occasion by one of his trustees...
Outside Iran, countries with a major stake in the outcome of the Shah's effort watched and waited uneasily. Iran is vital to the industrialized world not only because it is the second largest exporter of crude oil in the Middle East, but also because it is the "policeman" of the crucial Persian Gulf sea-lanes through which 40% of the non-Communist world's oil is shipped. The U.S. gets 8% of its imported crude from Iran: Western European countries from 20% to 40% of their supply. The impact of the dead stop in Iranian oil shipments...
...innovative approach would be for multinationals to set up outposts in developing lands that would be 51% or more owned by local people or governments. Giving them a majority stake would diminish the danger of expropriation. Sperry has set up such joint ventures in many countries, and it has learned that to demand majority ownership is, in Lyet's words, "a very outdated, obtuse approach." If a company supplies the technology and the marketing expertness, it has effective control even if it does not own most of the stock...
...Relations Committee meanwhile began looking into the possibility that the Government can be reimbursed from the cult's assets for the cost of flying the victims' bodies back to the U.S. and preparing them for burial. In an attempt to determine roughly how much money is at stake, the U.S. Attorney's office in San Francisco has subpoenaed bank records and summoned 17 Peoples Temple survivors for questioning by a grand jury...
...points no public fingers at past failures that produced the current upheaval, it is obvious that he finds Washington's response lethargic and uncomprehending. Not only would he get tough with the Russians, he would also be firm with the British, French and Germans, who have an immense stake in Middle East oil. The Israelis, too, have a huge interest in Iran and her oil; surely they could find a way to help...