Word: cash
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Dates: during 1960-1969
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...Manhattan's Bergdorf Goodman. Six months later he checked out of Bergdorf's and into the hat firm Emme as chief designer. But eight years of turning out nothing but millinery designs left him a grumpy, if not downright mad hatter; he accepted $10,000 in cash from Seventh Avenue Designer Bill Blass and set up his own business in 1962. "Closeted in someone else's house was painful," he says. "Today I am my own boss and I do not have to account to anyone else...
...cost to themselves, will be able to take full possession of the land they now till. The 40,000 landowners who hold more than 80% of South Viet Nam's cultivable riceland will, in effect, be bought out by the government for a total of $400 million in cash and bonds. The U.S. has promised to provide 10% of the amount. Says Thieu's new Minister of Agriculture, Cao Van Than, who is the architect of the reform program: "We are trying to take the initiative from the Communists...
College fund raisers have been groping for the right answer all year. While private campuses have never been so in need of alumni cash, alumni have never been so angry at protesters. By last week, enough checks had come in so that fund raisers finally knew which box to check. At most campuses, the donation trend is surprisingly upward. There are fewer gifts, but the sums are bigger than ever...
...other cred itors must do to comply with the Truth in Lending Act that Congress passed last year. Among other things, the consumer must be informed in advance of the exact amount of any loan or credit, including insurance premiums, any excess of an installment price over a cash price and the exact length of time he has to pay. He must also be told the precise annual interest charge. In most cases, creditors must also disclose how much total interest the consumer will have...
...outstanding debt at all. Because of the tremendous need for low-cost housing, Decio can name his own terms. When his dealers order mobile homes, for example, they must pay in advance -an unusual practice in any industry where each unit for sale represents a large investment of cash...