Word: buying
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Dates: during 1970-1979
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...mayor's foes did not buy the package, however. All day Friday, bankers, businessmen, economic consultants, the council and the mayor held meetings to try to find a compromise that would stave off default. As failure seemed imminent, Forbes offered a soothing prediction: "Come Saturday morning, the sun is going to shine, or it is going to snow." But as the city's credit rating plummets and outright bankruptcy looms, drastic cutbacks in all city services seem inevitable. Or, as Kucinich so aptly put it when a midnight deadline passed: "There will be six months of chaos for this...
...began to work for the company founded by his grandfather, was a pioneer in providing employee benefits; he established a pension and hospitalization plan in 1934. In 1936 he commissioned from Architect Frank Lloyd Wright a now famous office building in Racine and in 1962 invested $750,000 to buy U.S. art, which is now housed in the Smithsonian Institution...
Dallas merchants say Christmas sales may climb by 25%. Shoppers are packing malls in suburban Houston to buy stereos, TVs and Betamax recorders. Expensive furs, jewelry, silks and cashmeres are brisk sellers everywhere. Many retailers echo the report of a luggage salesman at Chicago's Marshall Field department store: "Customers are buying better quality. It's the old philosophy of being too poor to buy cheap...
There is a buy-now attitude among Americans, who figure that prices are not going to go down and if they see something they like, they had better buy it now. Economist Alan Greenspan estimates that an unprecedented 25% of the average household's after-tax income now goes to meeting interest and principal payments each month, and that "there are a significant number of households that allocate 40% or more of their income to debt service...
...good for baseball? Since the practice began in 1976, free-agent proceedings that allowed Rose to put himself on the market have been bemoaned by owners as the potential ruination of the game. The owners claimed free agents would destroy baseball because the rich teams would buy up all the good players. Since 1976, a total of 65 free agents have signed contracts worth upwards of $60 million. Some teams have benefited, those that bid not only well but wisely. Spending some $10 million on free agents, the New York Yankees have received good value from the likes of Slugger...