Word: tycooning
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Moderate improvement in Britain's financial situation might well increase rather than decrease the likelihood of another loan application. Britain clings to financial respectability as a bankrupt tycoon might cling to his last good suit, and one of the most powerful arguments against another loan has been the uncertainty that it (or the first one) could be repaid. Furthermore, proud Britons, if they must ask it at all, would far rather ask it as a helpful stimulus to quicker recovery than as a desperate last resort...
...Paris he hobnobbed with Friedrich Engels, elegant, fox-hunting scion of a prosperous German textile tycoon. With him Marx wrote the Communist Manifesto (1848), with him he shared his ideas, hopes, miseries and triumphs. Engels gave him implicit intellectual and political obedience, supported him most of his life and finally settled an annuity on him. In 1848 both Marx and Engels were neckdeep in the revolutionary wave that swept over Europe...
...went to work. The State Department's Will Clayton set up meetings with Detroit big shots, who promised to supply the trucks. Steamship Tycoon Albert Moore (Moore-McCormack) agreed to deliver the trucks if Brazil could promise "no waiting" at its snafued docks (TIME, April 7). President Dutra gave his word. Last week's delivery was the payoff...
Born in Boston, Stanton Griffis was a prizewinning orator at Cornell. He raised apples for a while in Oregon but gave that up for Wall Street, where he became a banker, a promoter and a tycoon. In 1920 he moved in on Lee Tire & Rubber Co. In 1933, with Atlas Corp.'s Floyd Odium, he acquired control of Madison Square Garden. He helped pull Paramount Pictures out of a $100 million hole, along the way picked up Brentano's book stores...
...seemed to care least how much he spent was rival Movie Tycoon Harry M. Warner. He bought the apple of L.B.'s eye, a soft-eyed filly named Honeymoon, for $135,000. Then Warner, afflicted with the same fever Mayer once had, paid the evening's top price-$200,000-for Stepfather, a Kentucky Derby hopeful...