Word: toole
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Dates: during 1960-1969
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...determine. His Marxist patter-one-party rule, socialization of agriculture and industry, neutralism in foreign affairs-is not very different from that used by many other Middle Eastern and African leaders. So far there is no evidence that he is a Communist-but he could well become a Communist tool. Like the other neutralists, he is quite willing to accept aid from the West, but wants stronger ties with the Soviet bloc. He has condemned the moderates' desire for cooperation with France. He is also a strong supporter of pan-Arabism, is even seen by some as a potential...
...General Staff, and has remained a relatively modest man. He regularly attends soccer games in Madrid dressed in sports clothes more suitable to a workman; he and his wife live in a small, unpretentious apartment, and he rolls his own small black cigarettes. Unlike other Cabinet ministers who tool around Madrid in chauffeur-driven Cadillacs and Mercedeses, Munoz Grandes favors a small black sedan. Once he drove along Madrid's streets stopping chauffeured military cars whose only passengers were army wives, politely asked them to get out and take taxis, and told the drivers to go back...
...Canadian newspapers this week, full-page ads purchased by Boston's near-bankrupt Northeast Airlines will thankfully proclaim: "Welcome aboard. Howard Hughes!" After stalling off enigmatic Industrialist Hughes for two solid years, the Civil Aeronautics Board last week grudgingly authorized his Hughes Tool Co. to buy 56% of Northeast's outstanding stock from New York's Atlas Corp. The consideration that finally turned the tide in Hughes's favor, said the CAB in its caustic decision, was "not whether Hughes Tool Co. could provide efficient management, but whether Northeast would have any management...
...that he will pay Atlas, Hughes will get control of an airline that lost $9.4 million last year and currently reports a "net worth deficiency" of $23.4 million. Merely to keep the line alive is certain to cost Hughes many millions more. And by decreeing that transactions between Hughes Tool Co. and Northeast may not exceed $100,000 a year without its specific approval, the CAB seems to have ruled out a lucrative trick that Hughes used to practice with Trans World Airlines: buying planes through Hughes Tool and then reselling them to the airline at a profit...
Despite this, however. Hughes had every reason to be satisfied with last week's action. Northeast's massive losses can be applied as tax credits to the handsome profits earned by Hughes Tool, and the aviation industry is betting that Hughes will yet find a way to pass off on Northeast the four idle Convair 880 jetliners still owned by the tool company. More important, Hughes obviously hopes to use Northeast as a weapon in his fight to regain control of the TWA shares (78.29; of the line's outstanding stock) that edgy creditors forced...