Word: cash
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Dates: during 1960-1969
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...garage. In return, Lyndon became Evans' long-striding legman, running errands all over campus. By eating just two meals a day, Lyndon cut his food expenses to $15 a month; his laundry cost 50? a week. When Lyndon ran short, Evans found odd jobs for him to earn cash, such as painting the garage. "They say the president's garage had more coats of paint on it than any house in San Marcos," says retired Government Professor Howard Mell Greene, the teacher Lyndon once introduced to President Kennedy as "the man that started the fires under me." Lyndon...
...explanation: it is really Waldorf that wants Restaurant Associates. In fact, Waldorf already owns 19% of the firm (an investment that cost a mere $1,100,000), has options to acquire up to 49% control and enough cash to exercise them. So cozy are the two concerns that they already have headquarters in the same Manhattan building and, for the past year, have shared the same chairman, Martin Brody, 43, a former industrial caterer. The link between the two: Coffee Importer Abraham F. Wechsler, a founder of Restaurant Associates, whose family also has large holdings in Waldorf...
...decade the I.L.P.A. has expelled 16 papers for improper advertising: a jewelers' union paper, for example, which ran ads for yachts and steamship boilers. It has also effectively ended another racket in which a bogus labor editor solicits ads from businessmen too scared to protest, then pockets the cash...
...knew that there must be some federal money available for college construction, had no idea how much. Board Chairman Herman E. Muller, an accountant, decided it was worth investigating after an outside study showed that Ithaca could expect a rising cash flow from increasing enrollment to handle a heavy loan commitment. "It was a simple business proposition," said Muller. "We had a tremendous demand for our product. We had a good product. We had a good faculty-a good production line." Some trustees fretted about going bankrupt, or feared Government control. Yet the more they looked into the matter...
...Puff. Tobacco monopolies often become involved in politics and social-welfare plans. Austria helps to support its war victims by granting them licenses to sell state-made tobacco products. Communist governments value their tobacco trusts as both a prime source of income and a useful sponge to soak up cash that the restless people cannot otherwise spend because of the shortages of consumer goods. Red Bulgaria counts upon its golden leaf for 10% of its export income...