Word: trusts
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Dates: during 1970-1979
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...city to scrape through November-though not even that is sure. In December New York faces certain default unless it gets federal assistance. Thousands of city bondholders will be affected. Among them is Jacqueline Onassis. The forthcoming issue of MONEY reports that at her insistence a pre-nuptial trust established for her by Aristotle Onassis was invested entirely in New York City bonds and provides a tax-free $100,000 of her $341,000 annual income...
...Soviets stronger, Peking has heaped vitriol and ridicule on any move to lessen East-West tension. Kissinger's concern for detente has affected his standing with the Chinese. "To Peking," says a Western diplomat, "Kissinger is soft on the Soviets. Détente involves an element of trust the Chinese feel is excessive." Beyond that, Premier Chou Enlai, who collaborated with the Secretary on the Sino-American rapprochement in 1971, suffers from heart disease. Chou, 77, has not been seen in public for more than a month, and may be too ill to meet Kissinger...
...women to study and travel abroad if they recommended a man for the Rhodes and he got it--it seemed capricious, because if your man didn't get it, you didn't have to give one to a woman," Price says, so the Secretary of the American Rhodes Trust decided simply to bypass the University endorsement entirely...
Each state picks two candidates, who go on to the regional interviews from which four out of twelve candidates will emerge as Rhodes Scholar-elects. Regionals are three days after the state interviews, and candidates are flown to the regional center at the Trust's expense. These interviews are similar to those at the state level, but they may be even more intense. One successful candidate told the OGCP, "I don't think anyone but someone who has gone through the process realizes how strong the losers are." The 32 who win the scholarships get two paid years at Oxford...
...that "by its nature, the Rhodes is elitist--people who come from countries that don't have Rhodes, people who are not athletes, people who are, well stupid, are excluded." Cecil Rhodes was one of the great builders of the British Empire, and it would be surprising if his Trust didn't reflect the kind of attitude with which he justified colonialism...