Word: cards
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...leader was Walter Wriston. The bank's CEO from 1967 to 1984, Wriston changed the y in City to an i. After years of success, though, he left the bank with billions in bad loans to Latin America. Only profits generated by the U.S. retail-banking and credit-card juggernaut built by Wriston's protégé John Reed--combined with a certain amount of forbearance by bank regulators and a lot of cash from Saudi Arabia--enabled Citi to survive. Reed then agreed to a 1998 merger with Travelers Group, which necessitated congressional repeal of the Glass-Steagall...
...hell. They end up on the ground or in water, and people must get out quickly. Those who fare best are usually those who are prepared: the pilot who has flown for four decades and trained for calamity; the man in the exit row who has read the safety card...
Harry Truman, who became the holder of the first Medicare card for his support of the legislation, also succeeded in getting a bill passed in 1958 that provided former presidents with a pension, staff, and office space. Prior to that, ex-presidents received no such retirement benefits (Truman was fairly broke when he left office). And finally, Richard Nixon mediated a baseball umpire's strike in 1985. We don't know what to make of that either...
...Andrews, it turned out, was not actually a collector but a publisher of newsletters. ("Swine Flu Litigation Reporter" was one of them.) He was also a greeting-card manufacturer who had secured all reproduction rights to the Helga pictures. After the publicity storm had been whipped to a peak, he sold the whole bunch to a Japanese buyer for a reported $45 million. At that point, Wyeth found it prudent to come forward to say there had never been a sexual relationship between him and his model, and his wife announced that actually she had seen some of the pictures...
Drake's Discount. Retail numbers are dismal and getting worse, so if you want to help give the economy a boost, check out the "Shop Til You Drop" promotion at Chicago's Drake Hotel: Get a $75 Bloomingdale's gift card, as well as 15% off purchases all day. Rates start at $215 per night; through March 31. 140 East Walton Place...