Word: bargainer
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Dates: during 1960-1969
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...entries in Crime and Criminals-juvenile delinquency, penology, prostitution, war crimes-exhibit a drab sociologist look and a stylistic prison pallor. But as a refresher course in big-name crime, the book often proves happily terse where there no longer can be much tension, yielding forgotten details into the bargain. Crippen, perhaps England's best-known wife murderer, was born in Michigan; Captain Kidd, most famous of pirates, probably was not a pirate at all but a legitimate privateer who got a bum rap from a British court. While the never-caught Jack the Ripper was terrifying London, Queen...
...patent-licensing tactic, 3M banded together with existing competitors to amass new patents in order to choke off new competition. >That 3M was in the habit of bringing, or threatening to bring, patent-infringement suits against competitors who delayed in knuckling under to demands. >That 3M struck a bargain with New Jersey's Johnson & Johnson not to move into surgical-tape production if Johnson & Johnson would stay out of the sandpaper business...
...Bargain Basement. Home buyers can expect a better break next year. The builders intend to trim home prices from this year's median of $15,100, to $14,950 in 1962. Behind the decision to cut prices are several factors: stiff competition, fears that the higher-priced market is saturated, and expectations that new FHA rules permitting smaller down payments will attract more lower-income families. More efficient building methods and increasing reliance on prebuilt parts will help bring prices down...
With Aplomb. Thomson's buy was a bargain. It gave him control of Illustrated Newspapers Ltd.-half a dozen successful and prestigious magazines, among them the glossy Tatler (circ. 60,000), the Sphere (50,000) and the 119-year-old Illustrated London News (79,000)-and the deal was conducted with the usual Thomson aplomb. As he prowled about Britain looking for properties to buy, Thomson crossed the path of the group's proprietor, Sir John Reeves Ellerman, 51, a recluse so unsociable that he has been photographed only three times in 30 years. An indefatigable voyager...
Long Gains. Foreign investment is a two-way street, and the U.S. is by no means getting the worst of the bargain. Booz, Allen figures that U.S. income from private investments abroad has topped outflow by $7.8 billion over the past decade. Says Booz, Allen Partner C. Wilson Randle: "Income on foreign investments is-next to exports-the largest single source of income in the U.S. balance of payments...