Word: bidder
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Dates: during 1980-1989
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...Bond in New York City placed his bids by telephone. Irises, according to observers, quite quickly went up to $40 million. After a slight lull, the contest resumed between two telephones, whose disembodied bids were relayed to auctioneer John Marion. Moments later, Irises was hammered down to an anonymous bidder at $49 million -- $53.9 million counting the 10% buyer's commission. The name of the underbidder on the other phone has never been divulged. A year went by before it was announced that Bond was the new owner of Irises...
...supply of rent-controlled apartments in Cambridge has remained relatively stable since then. Rent control has protected an economically diverse community from the ominous specter of gentrification. Without rent control, apartments would be rented and sold to the highest bidder, and poorer city residents would be forced to leave...
Ronald Reagan has been paid $2 million in honoraria by a Japanese business. His expense-paid trip to Japan included a couple of speeches and many more meals. Sure, Reagan possesses the dignity of his former office. But it's for sale to the highest bidder. (And Japanese business has deep pockets...
...awards. If competition forced the big schools to work to entice students, smaller schools would go all out to get their students. Implicit in the colleges' argument is the assumption that education at all these schools is of equal value and hence should not be sold to the "highest bidder. Yet, in a competitive system, the same number of students would accept admission, and the rule of "need-based" aid should insure that the most money would go to the most needy students...
...Frank scandal "stained" the institution he serves? Perhaps, but certainly not as much as the many members of Congress who regularly use their positions for financial gain and sell their votes to the highest bidder, as the staff editorial rightly points out. Has he abused the public trust? If, as is expected, the Ethics Committee finds that Frank knew nothing about the prostitution ring being run out of his Capitol Hill apartment and clears him of any wrongdoing, the answer is no. Finally, will this episode irreparably impair his ability and effectiveness in fighting for the liberal causes that...