Word: wealthiest
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Dates: during 1980-1989
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...even proportionately larger tides of foreign investment without losing control of their national destiny. Says Economist Alan Rugman of the C.D. Howe Institute, a leading Canadian think tank: "We in Canada have much more foreign ownership than the U.S. will ever have, and we're one of the wealthiest countries in the world as a result." Even so, Canada has suffered through prolonged bouts of unhappiness concerning foreign influence within its $379.3 billion economy and has occasionally lashed back at foreign investors, at substantial cost...
...attorney hit his stride once he got into investing. Often underestimated by his opponents, the lanky Holmes a Court has since 1970 won control of transportation, entertainment, publishing, mining and petroleum concerns around the world. Today, with a net worth of some $250 million, he is reputedly Australia's wealthiest citizen. A reclusive investor, Holmes a Court prefers being at home with his wife Janet and four teenage children to hanging out at an executive watering hole. To relax, he plays chess against a computer. He owns an extensive collection of mostly Australian art and a stable of some...
Holmes a Court, 49, a soft-spoken lawyer who is reputedly Australia's wealthiest citizen, controls worldwide industrial and media properties through his holding company, Bell Group (1986 revenues: $1.5 billion). From that base, he has launched sallies against Broken Hill Proprietary, a huge Australian steel, oil and gas producer, and other big firms. A few months ago he engaged in a bidding war with Media Mogul Rupert Murdoch over the Herald and Weekly Times, Australia's largest media group. Last August Holmes a Court disclosed that he was seeking a 15% stake in USX, the steel giant. As takeover...
...least likely step is an income-tax increase. Last month Texas Representative Jim Wright, the incoming Speaker of the House, suggested that the tax-rate cut in the new reform legislation be delayed for the wealthiest Americans. Wright's notion was promptly criticized by members of both parties, and he has not broached the subject since...
...from a fight. Nor did the new Speaker, a former Golden Gloves boxer and a decorated World War II bomber pilot, retreat under fire on the tax issue. "I have not called for a tax increase," he said. "I have suggested postponing any further tax decreases for the very wealthiest taxpayers." Says Christopher Matthews, a former aide to Wright's predecessor Tip O'Neill: "Wright is going to be feisty, and I'll bet you'll see him get off to a real fast start...