Word: yachting
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Dates: during 1980-1989
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...instant profits for himself and his investors by raiding and liquidating two dreary companies: Management Assistance, a computer maker, and Canal-Randolph, a real estate firm. Suddenly superrich, the Bard College graduate, reared on Long Island, N.Y., bought fashionable residences from Sun Valley to Switzerland, a 100-ft. yacht, a personal jet and a modern-art collection today rumored to be worth $100 million...
...country called him, was the prime mover in the syndicate that funded the design, construction and testing of Australia II, the 12-meter sloop with the controversial winged keel that swept to victory over the U.S. defender off Newport in 1983, leaving, for the first time in yachting history, an empty plinth in the New York Yacht Club where the America's Cup used to stand...
...Kennedy had brooded, waiting for Nikita Khrushchev to make good on his threat to get rid of "the bone in my throat" -- partitioned Berlin. But he had not anticipated what would happen on that warm August afternoon in 1961 when he set out from Hyannis Port, Mass., on the yacht Marlin loaded with family and his favorite picnic dish, fish chowder...
...heart of the $4 billion development is the plaza, the great outdoor living room for personal pursuits and free performances. The plaza encompasses North Cove Yacht Harbor, which can berth 26 megayachts. "This harbor is ecologically pure," says developer George Nicholson of Watermark Associates. "Until now, berthing a yacht in New York was like parking your Picasso in the cellar...
Even landlubbers who find yacht racing about as exciting as watching grass grow might get a charge out of the litigious storm swirling around the America's Cup. After the San Diego Yacht Club defeated a challenger from New Zealand a year ago, a New York judge took the Cup away from skipper Dennis Conner and awarded it to the loser. The judge reasoned that Conner had violated the "spirit" of the competition by racing a featherweight catamaran as a last-minute response to New Zealand's extra-long 132-ft. monohull...