Word: cash
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Dates: during 1960-1969
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...Hoover declared, "Let fortune go to hell," abandoned business interests that were about to skyrocket in value, plunged into a selfless life of public service. Working in London, he helped some 120,000 Americans who were stranded in Europe without convertible currency, accepted their lOUs, and raised enough cash for the Americans to return home...
Carleton's president welcomes the greater rewards of cash and kudos that have accrued to the profession. "What disturbs me," he says, "is that with colleges, universities, government and industry all competing for the services of faculty, there has developed a pattern of relatively rapid turnover." As a result, Nason finds, "one's personal loyalty centers on one's profession, not on the college, which becomes a way station on the road to professional success. Faculty members are less inclined to identify themselves with their present institution. After all, it is only human nature and common sense...
...customers make demands that try the most patient bankers. One sheik withdrew $6,000,000 overnight because his banker could not procure a belly dancer he had admired. And Kuwait's skeptical Sheik Abdullah al Mubarak, who stored $25 million in cash and suitcases full of stocks at Yusuf Bedas' bank, once ordered that his stocks be delivered instantly to his mountain mansion; he carefully counted them one by one, then airily waved them back to the bank. But when he tried to tell Bedas how to run his business, the banker exploded: "Take your money...
Morrill said the cost of the new text book annex might force the reduction, but he stressed that this year the Coop will maintain its present patronage refund of ten per cent on cash purchases and eight per cent of charge purchases...
...schools and housing since 1950, has also persuaded the U.S., the World Bank and other international agencies to help out with massive loans. With its Cassa per il Mezzogiorno-Fund for the South-the government has lured industry through tax incentives, custom-free importation of plant equipment, easy credit, cash grants, free building sites and worker training programs. Such state-owned enterprises as the holding company I.R.I. and the petroleum company E.N.I. are required to channel their major investments south of Rome; in the Naples area, I.R.I. has built a plant for almost every one of its many industrial lines...