Word: accounts
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Dates: during 1970-1979
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...technique, curiously risky in such a small town, was to take out loans in the names of other people and even a local church He filed all the proper papers, then pocketed the proceeds. Even while embezzling Campbell ran up overdrafts as high as $197,058 in his personal account at the bank. Lance has conceded that he became aware of Campbell's "cash flow" problems in 1974. On Feb. 18, 1975, he nevertheless authorized the Atlanta bank, of which he was then president, to give Campbell a $100,000 unsecured loan at the prime interest rate. On July...
...Federal Reserve: "We've got so many goddam rules now, there aren't enough hours in the day to keep them alphabetized, much less working." The regulations tightly limit the way in which banks can do business-for instance, by setting a 5% ceiling on the savings-account interest that they can pay and prohibiting them from refusing loans because of a prospective borrower's race, color or sex. Other provisions govern bankers' personal business affairs. An example: they must share details of large debts with their banks' directors...
...local watchdog organization called the Public Interest Law Center of Philadelphia (PILCOP), set up two years ago with federal money, has logged more than 400 complaints about brutality so far his year. Reviewing 432 claims over a one-year period, PILCOP found that 54% involved blacks, although they account for just 35% of the city's population. From 1970 through 1974, another PILCOP study revealed, cops shot 236 people, killing 81 of them; half of those were unarmed. In researching a series of articles on the police that was published last spring, the Philadelphia Inquirer first discovered a pervasive...
Investigative Reporter Bob Woodward says that the miniseries "illustrates the precise reason why Carl Bernstein and I refused to sell movie or TV rights to The Final Days." Both feared what dramatization might do to their account of Richard Nixon's resignation; having been participants in All the President's Men, they felt they could exercise some control over their first book. Woodward also objects to The Company, John Ehrlichman's novel on which the miniseries is loosely based. Says Woodward: "The events, the characters are so thinly veiled. If a work is fiction, then there...
...preoccupied with itself. The Law School has other problems in addition, things like the lack of a real student community (a large share of each class is married, and even more students live off campus), but few of them will be really interesting to outsiders. Turow's account won't be interesting to many insiders, either; he offers few insights, and fewer suggestions for improvement...