Word: bankes
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Dates: during 1970-1979
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...protection that a town would require. Yet it reaps almost $2 million annually in property taxes and other income from the private preserve. The biggest winners may be the original developers, who stand to collect a windfall by selling ownership shares at a profit. Under California state law, a bank holds campers' antes in escrow until 60% of the allotted deeds have been sold. Then their deeds, like stocks, are theirs to keep, bestow, bequeath or barter-at the best possible price. The money, meanwhile, passes to the original investors...
Profligate people who splurged years ago on gold jewelry, diamonds, Persian rugs, antique furniture and fine art have seen their value steadily mount, while prudent savers who put their money in bank accounts or U.S. Savings Bonds have taken a beating. Every $100 invested in U.S. Savings Bonds ten years ago is worth only...
...Even bank robbers need more...
Everybody is struggling to keep pace with inflation, even the lowly bank robber. That is probably why the number of bank heists has roughly doubled in the past year in Atlanta, Washington and San Francisco. The FBI estimates that more than 4,600 bank robberies took place nationwide in 1978, up from 3,988 in 1977. Says Boris Melnikoff, director of security for the First National Bank of Atlanta, which was knocked over eleven times last year: "We blame it on the economy. We have a product that is very marketable. The professional bandit needs more money to survive...
Many thieves are repeaters and ex-cons, but some are plain, middle-class folks. As Cleveland Mayor Dennis Kucinich was withdrawing his personal savings from a local bank in protest because it demanded payment on its loans to the city, his brother Perry was making a far less publicized withdrawal at another Cleveland bank last month-until he was caught and charged with bank robbery. In Chicago, a factory worker on the 3-to-11 p.m. swing shift was convicted of robbing eleven banks, all between the hours of 12:30 p.m. and 2 p.m. His total haul...