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...composer's grandfather was one of the wealthiest men in Indiana. Cole's adoring mother not only assured him that the world was his oyster, but presented it to him on the half shell-with champagne to wash it down. The boy spent summers in Europe, attended private schools in Massachusetts, and took his degree at Yale. In New Haven he had his own piano and, despite hayseed check suits and non-U Midwestern ways, ingratiated himself with wit and melodies. One of his undergraduate efforts is still mandatory half-time fare at Yale football games. His grandfather...

Author: /time Magazine | Title: Books: One-Man Industry | 7/25/1977 | See Source »

...were forced to surrender and formed a new, solitary picketline of two the next day, protesting the police action. Both women wore gas masks; they were a curious sight. The newspapers quickly reported the story of the 75-year-old DuPont, a member of one of the wealthiest industrial families in America, protesting a management decision, and the publicity bore fruit. An enquiry was held, unearthing the information that the police, with the approval of their Chief, had been accepting money not only from the city whose children they had accidentally gassed but also from the striking seamen's employers...

Author: By Diana R. Laing, | Title: So you want a revolution? | 7/6/1977 | See Source »

...abolition of restrictive reserve rules has sealed the circle of baseball franchise owners to the nation's wealthiest individuals and corporations. However, if the league actually cares about retaining the less wealthy owners they can initiate measures to redistribute income, such as increasing the gate share allotted to visiting teams. If teams profit from each other's success, they will be less likely to overstock their roster with talent to the detriment of other league franchises...

Author: By Karen M. Bromberg, | Title: Profit-Sharing and the National Pastime | 5/11/1977 | See Source »

...many would-be buyers out of the housing market. Now it is having the reverse effect: rationally or not, people who have any thought of buying a house figure they had better move immediately before the price of single-family homes climbs beyond the reach of all but the wealthiest. Says Atlanta Businessman Rod Kinder, 51, who paid $89,500 for a New England type house in the Atlanta suburb of Dunwoody last month: "We decided to buy now before it got out of the realm of reality altogether. It was now or never...

Author: /time Magazine | Title: HOUSING: Better to Buy Now Than Wait Till Later | 5/2/1977 | See Source »

JOHN CORRY'S Golden Clan, the family chronicle of one of America's wealthiest Irish dynasties, testifies eloquently to the pot's victory. Corry's book is an anecdotal biography of the Murray and McDonnell families, a legendary New York clan that once boasted enough money to buy an army and enough children to make the purchase unnecessary. Like any success story, the book starts with the meteoric rise of the family's patriarch, Thomas E. Murray, a founder of Con Ed, from the depths of shanty Irish poverty to the top of the corporate utility world, a $9 million...

Author: By Francis J. Connolly, | Title: A Lace Curtain-Call | 4/12/1977 | See Source »

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