Word: ranching
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Dates: during 1990-1990
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More than a thousand bargain hunters and curiosity seekers showed up under a bright orange-and-white tent 10 miles outside Reno last week to watch the ultimate strip show at the legendary Mustang Ranch. The Internal Revenue Service put the 330-acre establishment, Nevada's oldest legal bordello, on the auction block when its previous owners failed to pay $13 million in back taxes. Going, going, gone -- for $1.5 million -- was the 104-room hot-sheet palace itself (actually two pink stucco buildings with a guard tower). Also gaveled off, for about $500,000 more, were such appointments...
Sparks, who was raised on a ranch, first heard of cow-tipping at Harvard. He, too, wrestled with self-doubt. "I asked my daddy and a couple of the other ranchers about it," he said. "They thought I was talking about something sexual...
...women's season began last summer, when Harvard alumnus Tommy Lee Jones invited the team to his ranch in San Salvo, Texas. Jones, who is well known in polo circles (which, of course, you know if you read Polo Digest) treated the Crimson to a week of lessons from top players...
...even Bush, who often trusts too freely, trusted him. The enmity began in 1984, when Reagan's re-election campaign was getting under way. Briefing reporters on economic policy at Reagan's Santa Barbara, Calif., ranch, Bush refused to rule out new taxes to cope with a growing budget deficit. Headlines appeared the next day, angering Reagan aides. A few days later, news stories, quoting a senior official, blasted Bush for the misstep. Bush's aides fingered Darman as the source. Bush crossed him off his A list...
...while last week, it looked like a nice way to reduce the deficit. After a lengthy tax dispute, the Federal Government seized the Mustang Ranch near Reno, the state's most venerable house of legal prostitution. U.S. bankruptcy trustees were aiming to operate the place themselves until they could find a buyer. The IRS says owner Joe Conforte owes $13 million in back taxes. The big bordello -- more than 100 rooms on 360 acres -- could indeed have been a moneymaking proposition for the government. A prospectus showed 1986 revenues of $5.6 million. But late last week a bankruptcy judge nixed...