Word: bets
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Dates: during 1960-1969
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When Joe Kennedy moved from accumulation to preservation of capital, the safest bet seemed to be Manhattan real estate. To his delight, his shrewd broker, John J. Reynolds, the real estate counselor of the archdiocese of New York, made him vastly richer at minimum risk. Gradually, over the past seven or eight years, Ken Industries and the Park Agency, Inc., have disposed of the family's holdings in Manhattan. The golden touch that Kennedy enjoyed in his dealings is illustrated by the largest single transaction in this slow, quiet process of liquidation. In 1943 Kennedy bought the property...
...free economy," he said, "so that our resolve will be tested." Nixon himself closed the meeting with a speech that asked business to "meet its responsibilities to make America the hope of the whole world." As for inflation, he merely repeated his earlier warning that businessmen who bet on its continuation are bound to lose...
...theatre): "It's a funny world full of funny freaks. You can't plan on anything. It's all so stupid in the end. I can't do anything anymore. All I want to do is sleep now; and cat now; and drink now; and smoke now; and bet now; and bowl now; and fuck now. I don't want to do anything else anymore. Just those things...
Black: "I bet you got credentials, too. The FBI supplies the best credentials. We know, and you know, that one of the best ways to spy on black people is to impersonate...
...ominous question is whether inflationary psychology has become so pervasive that it can be cured only by a rattling recession. The public realizes that the people who bet on inflation in past years have been rewarded, while those who pursued prudence have been punished. The businessman who raised his prices in recent years lost few if any customers but increased his profits; the businessman who did not raise prices saw his earnings drop. The consumer who borrowed for a spending spree is paying off his debt in cheapened dollars; the consumer who saved instead is holding dollars that have depreciated...