Word: bunkering
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Dates: during 1980-1989
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...building -- or at least a site -- for a contemporary art museum, and helped form an ad hoc museum committee. This came to the ears of the community redevelopment agency which was getting ready to let a final eleven-acre parcel of land in Los Angeles' seedy downtown Bunker Hill district. Gradually a deal was hammered out that is unique in the civic relations of American museums...
...Office of Public Liaison, and he was soon in demand among conservative groups nationwide. His remarks in Nashville, quoted from a tape obtained by the Washington Post, were to the Council for National Policy, a group of about 500 influential conservatives including Colorado Brewer Joseph Coors, Texas Millionaire Nelson Bunker Hunt and the Rev. Jerry Falwell. "Ollie let you know what is really going on in Central America," says Bradley Keena, political director of the Leadership Foundation, another conservative lobby. "Nobody really knew like Ollie knew...
...enough for them to afford the $300,000 house they are building in Normal Heights, Calif. Even though the Pattersons hardly feel like the upper crust, they realize they are no longer typically middle class either. Says he: "I think of the middle class as Archie Bunker, the guy who makes $35,000 while his wife stays home and cooks macaroni...
...Hunts' downfall was in the making long before the oil slump. Their troubles go back to 1979, when Bunker and Herbert began hoarding silver. They ultimately amassed some 59 million oz. of the precious metal, which seemed a shrewd move as the price of silver climbed to a high of $50.35 per oz. in January 1980. It was a gamble characteristic of the sons of H.L. Hunt, who once made a living as a cardplayer. But this time the Hunts' luck ran out. When the silver price plummeted to $10.20 per oz. two months later, the Hunts were suddenly left...
Whatever the ultimate outcome, Bunker, Herbert and Lamar Hunt cannot escape the striking symbolism of their company's bankruptcy filing. Here was the clan that embodied all that was bold, brash and rich about the American oil patch. Yet today, like many a lone Texas wildcatter, the Hunt brothers are hurting -- and not even the hugest gusher can provide a cure...