Word: cadillacs
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...attention. At the rate of 72 a day-one every seven minutes during three sessions daily-the auctioneer sold new 1961 autos from Europe and Detroit. In the frantic bidding, a Fiat went for $7,000, a Ford station wagon for $15,000, a Buick for $23,000, a Cadillac for an incredible $50,000. When the ten-day auction ended, 617 cars had been sold, about $10 million had changed hands, and the government of Arturo Frondizi had cleaned up a tidy $7,500,000 in profits...
...over the effective reins of government to Feisal. Under the guidance of experts on loan from the International Monetary Fund, Feisal proceeded to balance the budget by severe maneuvers, even slashing the allowances of pampered princelings and forbidding, for a period of six months, the import of a single Cadillac. Under Feisal, both prices and the public debt declined, while the rial stabilized at about five to the dollar...
...reward for such judgments, McNamara has become a millionaire, and last year earned $410,000 (about $150,000 after taxes). Last week McNamara announced that in addition to taking a mammoth salary cut to serve as Defense Secretary (statutory pay: $25,000, plus use of a chauffeured Cadillac), he would sell his 24,250 shares of Ford stock, drop options on 30,000 more shares-a potential personal loss of more than $3,000,000. Typically, McNamara turned down the suggestion from a Kennedy staffer that he should sell the stock to his children, thereby avoiding the loss without violating...
...Catholic ceremony, King and Queen rode in a bubbletop Cadillac through the cheering streets to the 13th century Gothic church of St. Gudule. The church was hung with scarlet draperies, ancient tapestries and 150,000 Spanish violets. In the ranks of honor, with the royalty and the beribboned ambassadors of 67 nations, sat six Congolese army officers.* As they entered the church, Fabiola once again almost tripped over her train, but this time Baudouin straightened it out himself and led his bride down the great center aisle to the altar. After the ceremony, cannon boomed, bells pealed, and a thousand...
...improvement of material conditions compensated for the loss of individual rights, Menocal said. Even those who have obtained land from the distribution stogram go hungry, he declared, adding that, "a Cadillac is no good without food to go with...