Word: monaco
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Dates: during 1960-1969
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...real antique among race tracks is the 38-year-old Monaco Grand Prix course. It is really not a track at all-merely a hair-raising path through the city streets of Monte Carlo, barely wide enough to allow one car to pass another, and replete with such hazards as a curving tunnel in the middle of a 120-m.p.h. straightaway and two hairpins. It is hard enough to steer a Corvair around a 180° turn, let alone a 400-h.p. Formula I racing car. In the past 15 years, the winner's speed has climbed from...
Into the Water. It was at Monaco that Italy's world champion, Alberto Ascari, drove straight through a sea wall into the Mediterranean (luckily, he could swim); that Rudy Caracciola suffered the leg injury that left him a cripple for life; that Luigi Fagioli crashed and died. Last week 16 cars and drivers took the starter's flag, and only six finished the race. Among those who did not: Scotland's Jimmy Clark, the 1965 Grand Prix champion, who smashed into a retaining wall and walked away...
...Monaco was a dice with disaster, the Bahamas 500 ocean powerboat race last week turned into what one contestant aptly termed "a demolition derby." The general idea of ocean powerboat racing is to take a boat out into the deep, open her up to 50-60 m.p.h., and pray. The Bahamas 500 was designed as the granddaddy of them all-a 512-mi. circle around the islands from Grand Bahama, and all for $50,000 in prize money. It should have been $1,000,000, considering the carnage...
...Monaco's legal wheels spun for more than a year, and at last His Serene Highness Prince Rainier, 43, came up a winner. Monaco's Supreme Court decided that the Prince's government was perfectly within its rights when it issued itself 600,000 new shares of stock in the Société des Bains de Mer, thus guaranteeing control of the outfit that runs the famed Monte Carlo Casino and 33% of the principality's real estate. The big loser: Greek Shipping Magnate Aristotle Onassis, 60, who hitherto controlled the Soci...
...Through branches and subsidiaries in New York, London, Geneva, Brussels, Amsterdam, Milan and Madrid, he shared the underwriting of 50 international securities issues. He helped Poland and Czechoslovakia to finance machinery buying in the West, formed a joint European subsidiary with the U.S.'s Bank of America, backed Monaco's Prince Rainier in his battle with Greek Shipowner Aristotle Onassis...