Word: account
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Dates: during 1980-1989
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...Marc, 35, began gambling in high school, where he blew a $1,000 savings account his parents had set up for him. In college he gambled away the receipts of a candy store that he managed; in law school he looted his wife's $4,000 savings account. Says Marc: "I would lie awake at night and relive every race, every game, to figure out where I miscalculated." He never did figure it out; by 1985 he had run up debts of $200,000 and joined Gamblers Anonymous. Family and friends thought he had kicked his habit, but in fact...
...course, impossible to prove that the American Dream is the power behind the United States' economic strength, but Fallows' many anecdotes are compelling. For instance, his account of the Nguyens, a Vietnamese family of refugees who worked many long hours to improve their economic standing, sounds very familiar. It's reminiscent of the stories told to any second or third-generation Americans by their immigrant parents or grandparents. The moral: Hard work and the opportunity to make a new start are what makes America great...
...companies currently account for only 10% of the world's production of the most advanced DRAM chip, the one megabit, which has enough memory to contain the equivalent of 100 pages of double-spaced text. The new venture, called U.S. Memories, plans to manufacture the next generation: the four- megabit chip. Last week IBM disclosed that it is already producing the more powerful semiconductor for use in its own computers and other products. That may give IBM a lead of several months over its Japanese rivals, who have yet to gear up mass production of the four-megabit semiconductor...
SUMMER OF '49 by David Halberstam (Morrow; $21.95). A quirky and informal account of the American League pennant race between the Red Sox and the Yankees deepens into a nostalgic memoir of a vanishing era, when people listened to the radio, traveled by train and went around the corner to see a movie...
...legislator finds it easier to understand the plight of the constituent-friend who would be hurt by a bill cracking down on reckless savings and loan executives than the plight of a constituent he does not know -- Joe Sixpack faithfully depositing his weekly savings into a 5% passbook account. When friends of Wright and Coelho who were heading up failing S & Ls came under investigation for fraud, the Democratic leaders were not only willing to take their calls and visits but to stall legislation and a federal investigation that would have cracked down on these people...