Word: buying
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Dates: during 1960-1969
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Second only to taxes, credit is seen as an area of everyday fraud. Initially, America's burgeoning credit-card business suffered considerable damage from high livers who could buy now but not pay later. The magic inherent in those little plastic rectangles hypnotized many into becoming adventurers-such as the man whose idea of the good life was to bed down in a variety of hospitals on stolen Blue Cross cards. But such abuses are now insignificant-thanks to more responsible screening of applicants and automated accounting techniques-even though credit keeps expanding. In department-store charge accounts...
From Kooky to Effortless. Americans do still, of course, buy European haute couture. Their purchases account for 40% of the trade in the Paris couture houses. Since an original Balenciaga ball gown can cost $12,000, or a Chanel suit $2,200, pacesetters such as Mrs. William Paley and Jackie Kennedy also snap up the "line-for-line" copies available in the U.S. Manhattan Socialite Mrs. John Converse happily admits, "I love Ohrbach copies." She also likes American designers like Bill Blass and Mainbocher. Nowadays, the Duchess of Windsor, Mrs. Loel Guinness and Mrs. Jeanne Murray Vanderbilt shop on both...
...games also showed up on Central Park's Mall to introduce Batman and Robin and dutifully wore his Bat tie. "It unfolds and becomes a cape," he told the awed gaggle of youngsters. He was also on hand for the Beatles at Shea Stadium, stopped off to buy a new Honda Hawkeye for faster mobility through traffic, and was ad-libbing at an outdoor park fashion show, backed by the blasting rock 'n' roll of a Yale combo known as the Five-Card Stud, when he got a call from the mayor. A bit petulantly, Lindsay told...
...favoritism that bothered the President. His worry was that half the $1 billion would come from his emergency funds and the other half from a direct raid on the Treasury, thus adding to the federal deficit. Congress provided the other $3.76 billion by authorizing the Treasury to buy $110 million more of Fannie Mae preferred stock (also deficit inflating) and by raising the agency's authority to borrow private money from ten to 15 times the value of its capital...
...Baughman waves aside talk of retiring. He runs Fannie Mae so efficiently that it regularly shows a substantial profit ($603 million since its birth), and pays the equivalent of corporate income taxes besides. Baughman even says no to the Government-and gets away with it. He will not buy any FHA or VA loan he considers unsalable to private investors...