Word: beltings
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...refugees from the Snow Belt, just playing and coaching against these teams was a thrill...
...farm lobbyists who besieged Capitol Hill offices and the grain-belt Senators who staged a protest near the White House won their battle last week. The Republican-controlled Senate buckled under the pressure and joined the Democrat-controlled House in passing expensive credit-relief packages for farmers. Reagan aides, calling the fight a "sign of things to come," predicted a presidential veto. Said White House Spokesman Larry Speakes: "The President is going to have his pencil sharp as far as any budget-busting bill is concerned...
Senate Majority Leader Robert Dole, who had been trying to stall action on the farm-aid legislation, gave in and let it come to a vote. Eight Republican Senators, seven of them from the farm belt, broke ranks and joined the Democrats in approving $1.85 billion in additional loan guarantees to farmers, plus $100 million to help banks reduce interest rates for farmers in trouble. In a second, closer vote, the Senate agreed to advance farmers 50% of the price-support loans they normally get in the fall, after crops are harvested. An infuriated Pete Domenici of New Mexico, chairman...
...family business, everything started to go wrong. In 1975, at age 33, Jacobs was depressed and ready to quit. "I said to myself, 'What do I need any more money for? I've had enough of Big Business.' " At the root of his malaise was the failure of Grain Belt Breweries, which he had bought with a $4 million loan. In his attempts to make it more profitable, he filmed a TV commercial with the line: "It may be my brewery, but it's your beer." Nothing worked. Says he: "I got murdered. I never worked so hard...
...turned out, failing at brewing was one of the best things that ever happened to him. He sold his beer brands (Grain Belt, Hauenstein and Storz) to G. Heileman Brewing and auctioned off machinery, thus making a $5 million profit. He used that money in a joint venture with the Pohlad family of Minneapolis to buy nearly $300 million worth of property and uncollected bills from bankrupt retailer W.T. Grant for the fire-sale price of $44 million. Says he: "That was the mother lode that got it all going." It earned him the nickname Irv the Liquidator...