Word: nevadas
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Chic Oasis. To compound the problem, the fund's old trustees placed a lot of trust-and money-in a few individuals. At one point, Allen Click, a boyish businessman who controls the Stardust and Fremont casino-hotels in Nevada through Argent Corp., owed $146 million. He has since turned back some California and Texas properties and reduced his obligations to about $90 million. His casinos are being investigated by the Clark County (Las Vegas) district attorney and the Nevada Gaming Control Board following charges that substantial sums were skimmed from the slot machines. La Costa Land Co., which...
...attorneys attempting to establish Hughes as a resident at the time of death, which could net $100 million in state inheritance taxes. And finally, there are about ten lawsuits pending against the Hughes estate. Among them: three Texas banks trying to retrieve loans to Hughes, and the University of Nevada (claiming the $2.8 million balance of a promised $3.8 million...
Federal Disapproval. So far. seven states-Alaska, Arizona, Florida, Indiana, Nevada, Texas and Washington-have legalized Laetrile: Delaware, New Hampshire and Oklahoma will join them as soon as their Governors sign authorizing bills or let them become law without their signatures. Similar legislation is pending in twelve states and will probably be revived in seven others when their legislatures reconvene. In addition, Nevada has approved the manufacture and sale of Gerovital. Oregon has legalized DMSO and soon may approve saccharin, which has already been okayed by Indiana. (Apparently heeding FDA warnings that saccharin may cause cancer, legislators in Arizona...
Died. Paul Desmond, 52, jazz musician whose lyrical, witty alto saxophone counterpointed Dave Brubeck's assertive piano in Brubeck's quartet for 17 years; of lung cancer; in Manhattan. Desmond composed few pieces for the group, but his Take Five, inspired by the sound of a Nevada slot machine, was the first instrumental jazz number to sell over a million copies...
Disaster Areas. Last week the Salt Lake City River Forecast Center reported that the water-supply outlook for Nevada, Arizona, Utah, eastern Colorado, New Mexico and Wyoming is "gloomy to grim." In the Columbia River Basin of the Pacific Northwest the outlook is "bleak and becoming bleaker." In parched California the National Weather Service and National Oceanic and Atmospheric Administration noted that the drought, "nearly two years old, is expected to reduce river levels this summer to the lowest ever recorded." Further, in the Great Plains area of eastern Montana, eastern Wyoming, the Dakotas and Nebraska, the water supply...