Word: wealthiest
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Holmes a Court, 49, a soft-spoken lawyer who is reputedly Australia's wealthiest citizen, controls worldwide industrial and media properties through his holding company, Bell Group (1986 revenues: $1.5 billion). From that base, he has launched sallies against Broken Hill Proprietary, a huge Australian steel, oil and gas producer, and other big firms. A few months ago he engaged in a bidding war with Media Mogul Rupert Murdoch over the Herald and Weekly Times, Australia's largest media group. Last August Holmes a Court disclosed that he was seeking a 15% stake in USX, the steel giant. As takeover...
...least likely step is an income-tax increase. Last month Texas Representative Jim Wright, the incoming Speaker of the House, suggested that the tax-rate cut in the new reform legislation be delayed for the wealthiest Americans. Wright's notion was promptly criticized by members of both parties, and he has not broached the subject since...
...from a fight. Nor did the new Speaker, a former Golden Gloves boxer and a decorated World War II bomber pilot, retreat under fire on the tax issue. "I have not called for a tax increase," he said. "I have suggested postponing any further tax decreases for the very wealthiest taxpayers." Says Christopher Matthews, a former aide to Wright's predecessor Tip O'Neill: "Wright is going to be feisty, and I'll bet you'll see him get off to a real fast start...
...Somebody has to dare oppose the favorite, the wealthiest," he said. "It's ironic that it falls to Republicans to oppose the rich and powerful. Somebody has to accept the high risk of defeat to keep winner decent and honest," Abt added...
...presently controlled units. Clearly, a prospective resident or an absentee owner with a downpayment and an income large enough to carry a huge mortgage can benefit. Clearly, a landlord or a condominium developer can benefit as rents double or triple to market rates or condos are sold to the wealthiest buyers. Clearly, the real estate brokers can benefit as market rate rental units will double in number and/or condos are sold with ensuing broker fees...