Word: tracked
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Dates: during 1970-1979
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Cauthen left such flights to others; he has settled into a life that he clearly loves, reports TIME Correspondent Peter Stoler. He is addicted to the track and to track people. Cauthen often leaves his bachelor's apartment in Floral Park, Long Island, before dawn and drives his 1977 Mercury Cougar to the track, whether or not he is scheduled to work a horse. He breakfasts in the track kitchen, then kills the hours between daylight and early afternoon post time in the jockeys' quarters. He changes into white breeches, boots and T shirt and studies the Daily Racing Form...
...while riding Johnny D. that Cauthen first convinced the experts that he was developing as a shrewd competitor. In the Laurel International, one of the major grass races of the year, Cauthen took an early lead and then throttled back to lull his rivals?setting a "false pace," track people say. In the stretch, Cauthen suddenly drove Johnny D. on, catching the field off guard, and came home a winner...
...insulate his daughter from the touts, railbirds and assorted other lowlifes who populated his world. "Dad doesn't allow me to hang around the barns too much while we are at Belmont and Aqueduct," she once told a reporter, "but at Saratoga [then, as now, a more genteel track] I get out there with him and the horses on a pony...
...racing, which now takes up about 80% of his time, Wolfson has virtually dismantled his corporate empire, once estimated at being worth close to $100 million. The Wolfsons sold Harbor View Farm last year, but kept the name and now own some 250 horses. Despite their success on the track, expenses are so high ($3 million a year) that the Wolfsons have not always been in the black during the past few years. Affirmed has solved that problem. Some of the Wolfsons' horses are kept in Kentucky, where Louis is respected as a smart and honest man. Says...
...figures would be much larger if Government tallies could track all foreign investments. No one knows how many millions, or even billions, are borrowed every year from U.S. banks by foreign investors to set up or expand U.S. businesses. Nor are there data on the annual profits that foreign companies reinvest in the U.S. There is also no way of knowing how many suitcases stuffed with cash are sneaked out of Italy, Brazil and other countries that have strict foreign-exchange controls and slipped through airport customs into...