Word: largest
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Dates: during 1970-1970
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...times as a flight officer on the carrier Essex. Connally used his mustering-out pay to open a radio station in Austin with ten other veterans-among them Congressman Jake Pickle and Judge Homer Thornberry, an L.B.J. Supreme Court nominee-and for three years was general manager and the largest stockholder of KVET...
...coastal highway south of Santa Barbara, and started to work on his town. He built a roadside assortment of children's delights: merry-go-rounds, a zoo, a miniature train, donkey rides, toy stores, snack shops-all painted red and white and encrusted with Christmas decorations. Above the largest shop in the village, a 20-foot concrete Santa, his landmark, protruded from the chimney. Auger presided over it all in a red suit and white beard, ho-hoing and passing out free candy to his young visitors. "We didn't make any money on the place...
...like a duke, forming his own opera company to entertain an audience of one-but also to serve as intermediaries between the worlds of spirits and of men, between Heaven and Earth. Angels intervened, visibly or unseen, at every moment of God's enterprises, beginning with the largest of all: keeping the universe in motion. Tasks were dealt out among the various grades of angels; so vast a society obviously needed a pecking order. The structure of this heavenly bureaucracy varied in detail-it was the subject of much squabbling among medieval theologians-but not in outline. It consisted...
Biggest Collapse. The second shattering event of 1970 was the biggest collapse in U.S. corporate history. On June 21 the Penn Central Transportation Co., owner of the nation's largest railroad, went bankrupt. The Penn Central had long been a victim of mismanagement and executive infighting, but it was pushed right off the tracks by its inability to refinance $152 million of its commercial paper. Such paper is a form of unsecured, short-term IOU. When money became difficult to borrow from banks, scores of corporations issued commercial paper to raise funds. Because such securities are usually bought...
...House of Pancakes, Joe Namath's Broadway Joe's and Minnie Pearl's Chicken System. So did computer software firms and rickety conglomerates. Flamboyant, fast-talking entrepreneurs toppled like dominoes. Among them was Bernard Cornfeld, the expatriate supersalesman who had built Investors Overseas Services into the largest mutual fund organization selling shares to foreigners. Denver's John King, whose King Resources sold interests in oil wells and other holes in the ground, tried to come to Cornfeld's rescue with a loan. Instead, King himself was caught in a money bind and ousted...