Word: cadillacs
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...hung around Louisville long enough to graduate 376th in a high school class of 391. Then he flew to Rome for the 1960 Olympics, won a Gold Medal as a 178-lb. light heavyweight, and returned home to a reception that "crippled the town." He bought a "rosy pink" Cadillac on time, signed up with a syndicate of wealthy white businessmen, and turned...
...champion, Frazier finds his peace in cars and music. His new $125,000 home in suburban Philadelphia has a six-car garage, and Joe has a machine for each space?a souped-up Corvette, a golden Coupe deVille, a 1934 Chevrolet, a Cadillac limousine, a Chevy station wagon and a $4,700 Harley-Davidson motorcycle that he guns down country roads at upwards of 100 m.p.h. (lest something happen to their prize property, Cloverlay has declared the cycle off limits until after the fight). When not tinkering with his cars, Joe is scratching at his guitar. As the lead singer...
With both imports and the U.S.-made minicars gaining at the expense of full-sized, intermediate-priced autos, small cars now account for 33% of all sales. That is double their market share in 1966 and far more than Detroit had expected. Luxury cars are also selling well: both Cadillac and the Continental Mark III are seeing sales records. Despite the runaway pace of total sales, the product mix is far from the most profitable for U.S. automakers...
...tying up his money. On deposits of $1,000 or more held for at least two years, Voss's bank pays a simple annual interest of 5¾%. The five-year return on $25,000 comes to $7,187, or about $187 more than the cost of the Cadillac. Of course, the interest is also subject to income tax, so whether an individual customer comes out ahead by taking the car depends on his entire tax situation...
Federal regulations forbid a bank to give customers premiums that are worth more than the interest that they would otherwise receive. Still, the gift promotion has the appearance of a bargain. So far the Cadillac offer has attracted two depositors, and 75 others have responded to the lure of a color-TV set. One woman is being measured for a mink coat...