Word: algerism
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...crucial role in reviving the moribund shrimping industry in the Gulf of Mexico by financing the purchase of dozens of boats. An estimated $10 million in Korean keh (contracts) has financed the purchase of houses, restaurants and small grocery stores in the San Francisco Bay Area. "This is Horatio Alger all over," says David W. Engstrom, a research associate at the University of Chicago who studies immigrant merchants. Thanks to loan clubs, he adds, "most of these people open their businesses in three to four months after arriving here...
...scene is central to the iconography of the cold war: one December day in 1948 on his Westminster, Md., farm, Whittaker Chambers retrieved from a hollowed-out pumpkin a microfilm that implicated former State Department Official Alger Hiss in the passing of Government secrets to the Soviets. Last week Interior Secretary Donald Hodel proposed that Chambers' farm be listed in the National Register of Historic Places. White House Speechwriter Anthony Dolan had relayed to Hodel a conversation with President Reagan during which the President quoted from memory long passages of Chambers' 1952 autobiography, Witness...
...outline is familiar enough: Southern California childhood (straitened but not so impoverished as Nixon later claimed), Whittier College, Duke University Law School, service as a naval officer in the backwash of the war in the Pacific, successful Republican campaign for Congress in 1946, Red hunting, Alger Hiss, the Senate in 1950 (after a bitter contest against "the pink lady," Helen Gahagan Douglas), Ike and the vice presidency in 1952. Ambrose's account of this progress throws a few details into intriguing relief. The young Nixon ("Gloomy Gus" to family and classmates) was regarded as emotionally pinched but unimpeachably honest...
...office leaves no doubt that Chung is a very successful man. And this might be an Horatio Alger story except Chung says it happened all by accident...
...merit-based system also might be unfair to students who, recovering from a freshmen slump, brought their grades up during their upperclass years. A built-in "Horatio Alger clause" would clearly be in order--entitling those with rising grade point averages to bump slumping students from their rooms...