Word: australian
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Dates: during 1980-1989
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...York, Pennsylvania and New Jersey, will be shuttered next month because its current owners were unable to attract any suitable bids during its six weeks on the block. Though the chain was long past its glory years, it finally expired at the hands of George Herscu, an overleveraged Australian corporate raider whose L.J. Hooker Corp. bought B. Altman...
...Prince defended his position that a transitional government comprising the four rival Khmer factions should preside over the election of a new leadership, following a verified withdrawal of Vietnamese forces from Cambodia. But he then offered a glimmer of a concession: a recent Australian ! proposal, which skirts the issue of Khmer Rouge participation by placing the country under U.N. trusteeship, "merits consideration." However, he added, his Western supporters would have to join the Viet Nam-backed Phnom Penh government in making that a condition of a peaceful settlement...
Rounding out the strokes for the Crimson was perhaps the most pleasant surprise of the the evening in the 200 breaststroke. Australian Scott Hoy, returning from a two-year layoff, set a meet record, completing the race...
Peter G. Peterson, an American involved in the Sony-Columbia deal, wondered why Sony's acquisition was so controversial, while an Australian firm's attempted takeover of MGM/UA "was mainly treated by the media as a minor business news item." Part of the answer, he suggested in the Wall Street Journal, is a "media pandering to American xenophobia and latent racism." Sony chairman Akio Morita, noting the U.S. Government's World War II internment of Japanese Americans, surmised that Americans still see the Japanese as "strangers...
Peterson and Morita have a point. When Australian Rupert Murdoch was taking substantial control of major American media properties (including Metromedia Inc. and 20th Century Fox), little was written about the dangers of media manipulation from Down Under. Reportage focused less on the fact that the predator was Australian (Murdoch has since acquired American citizenship) than that he was Murdoch. Nor did warnings sound when Canada's Thomson Newspapers acquired more than 100 papers...