Word: starting
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Dates: during 1970-1979
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...Under any circumstances I will leave politics at the age of 70. That is not far away- I will be 66 next summer. I will leave the government, I will leave the Knesset, and I will start writing a book about my generation. This is an exceptional generation in our history. It can be compared almost to the biblical generation. I must not make any comparisons; it's forbidden. But whatever they in biblical times and we in our times achieved, was achieved through suffering and heroism. Therefore I contend that we are a quasi-biblical generation...
Reggie Jackson, 32, outfielder, New York Yankees. The baseball millionaire chooses to invest in "tangibles," including a Volkswagen dealership in Canoga Park, Calif., a condominium project in Reno, a twin-engine Beechcraft plane, and five antique cars. Jackson advises friends: "Start building a cash reserve. And then buy things, things you can touch...
...Richards, the nation's largest bartering firm, New York City. Binn is 32nd on a list of top-money-winning horse owners, and he puts much of his money into a 172-acre farm where he raises thoroughbreds. That is a costly business; prices for a good mare start at $25,000. So Binn advises smaller investors to get into breeding "on a partnership basis only...
Murray Weidenbaum, 52, economist, St. Louis. He has been putting his money into short-term securities like Treasury bills. When interest rates peak and start declining, he plans to shift into three-to-five year Treasury notes and perhaps municipal bonds to lock in the higher rates. Less than one-quarter of his assets are in stocks. Says Weidenbaum: "I have been the typical small investor who gets burned repeatedly. I have had a diversified portfolio of lemons...
Thus the celebrated dynast signaled that he was letting go of a $43 billion company he has headed for 34 years. It has been generally thought that Ford would start phasing out after Sept. 4, 1980, when he turns 63. He apparently speeded up the timetable for several reasons...