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...organization a $13 million debt that he says it owed him for services rendered-an understandable act of charity considering that he has boasted to friends of having $7,000,000 stashed away in two numbered Swiss bank accounts. And he continued to float about the Mediterranean on his yacht, a 3,300-ton former channel steamer that is manned by some 200 blue-uniformed crewmen and students...

Author: /time Magazine | Title: Cults: Meddling with Minds | 8/23/1968 | See Source »

...Dylan seems to have taken up now in 'John Wesley'. The interest in the Who's production, however, lies as much in the realization through music of the action as in the actual elements of the story. The tale is of a rich man who arrives with his yacht on a distant evil island and decides to stay there for a year to see how he fares. He instructs the captain of the boat to come back in a year to the same spot and look for a signal from him. Should it be a yellow flag flying the message...

Author: By Sal I. Imam, | Title: The Who | 8/13/1968 | See Source »

Fewer Passengers. To trade up, "Bud" Beinecke has been buying up. To attract yachtsmen, he and a Nantucket partner have bought out most of the deteriorated wharf front and constructed a large shopping center and marina complex that has tripled the number of yacht berths. To keep some of the penny-ante trippers away, he has refused to renew the lease on his docks for one of the excursion steamers out of Hyannis and demanded that the other carry fewer passengers at higher rates. To upgrade the mainstreet shopping area, he has bought up 80% of the commercial acreage...

Author: /time Magazine | Title: Development: Trading Up Nantucket | 7/26/1968 | See Source »

...kind of a game, see. You've already bought a $1,000,000 de Havilland private jetliner and a $600,000 yacht and a $305,000 diamond, and you" bank account shows more zeroes than a no-hitter. So what do you buy next? A whirlybird, that's what. The $500,000 French-made Alouette helicopter made a cute little present from Liz Taylor to Hubby Richard Burton. Then they hustled on up to Sotheby's in London, where Dickie knocked down a Picasso for $21,600 and Liz wigwagged the winning...

Author: /time Magazine | Title: People: Jul. 12, 1968 | 7/12/1968 | See Source »

Long now has a new Ondine, a 73-ft. 6-in. ketch that is the prettiest, most opulent and-on the chart of her first two races-the fastest-racing yacht on the high seas. Last February, in her competitive debut, Ondine clipped two hours off the course record for the Buenos Aires-Rio run, covering 1,200 miles in less than 190 hours. Two weeks ago, in the 635-mile Newport-Bermuda race, Ondine was becalmed for twelve hours, but still led the 151-boat fleet across the finish. Her time-83 hrs. 12 min.-was a full hour...

Author: /time Magazine | Title: Sailing: Ondine & Dramamine | 7/12/1968 | See Source »

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