Word: wager
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Dates: during 1980-1989
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...high pitch. If the police are unable to control the terrorists, the outcry for law-and-order will doubtlessly escalate. In that event, the authorities must take care not to be more authoritarian than the fascist fringe. "Can we keep cool?" Rémond asks. "That is the wager." -By Stephen Smith. Reported by Sandra Burton and Alessandra Stanley/Paris
...Sasakawa, 81, famous in Japan as a philanthropist and longtime prewar supporter of conservative causes, an accused war criminal who spent three years in jail after World War II, and a multimillionaire whose fortune was made by, among other things, staging hydroplane races on which eager Japanese bettors could wager. Sasakawa disclosed that he had sponsored the salvage ship Teno and its team of divers at a cost of $13.6 million. The ingots and whatever else was found were his, said Sasakawa, who estimated that treasure worth no less than $36 billion was aboard the Admiral Nakhimov...
Turner has earned that label by betting $100 million that there is a demand for television news 24 hours a day, seven days a week. The vehicle for his wager is Cable News Network, due to begin broadcasting this week. To mark the inaugural, President Carter agreed to an interview with Daniel Schorr, CNN'S chief Washington correspondent, and George Watson, the Washington managing editor. A number of large communications companies have considered cable TV news operations but rejected the idea as too costly for now. Says Turner: "It's a risky business. No one else wanted...
...village to take the waters for their health and race horses for their entertainment. More than a century after America's first organized race meetings were staged in Saratoga, the spa remains an oasis of calm, a place where gentlemen and their ladies come to place a sporting wager on the performance of prime horseflesh...
Such a high-risk, odds-against wager is characteristic of World's buccaneering chairman, Edward Daly, 57. A combative Irishman who likes to arm-wrestle visitors, Daly has a reputation for making apparently unsound economic moves pay off. In 1950, at 27, and after a brief career as a semiprofessional boxer, Daly bought the two-year-old ailing World with $50,000 worth of poker winnings. The carrier was no prize. Its debts totaled $250,000, and its assets were only seven planes: two leased war-surplus transports and five unairworthy flying boats that later were sold for scrap...