Word: cash
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Dates: during 1960-1969
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Ostensibly, the problem was cash. The Major League Baseball Players' Association, which speaks for all the athletes through elected player representatives from each team, wants the club owners to enrich its pension fund with $6,500,000 for three years; the owners are offering $5,300,000. Yet as the infighting got nastier, it seemed to turn into a classic test of strength. On one side, an owner threatened: "If we can't use major-leaguers, we'll fill up our rosters with minor-leaguers." On the other, Marvin Miller, the $55,000-a-year negotiator...
...what December sees in May is fairly obvious, but what does May see in December? Christmas, wags answer; and not even the most romantic would deny that money and marriage are often intertwined. Still, today's unions of old and young seem to involve more than sex or cash. As women grow more emancipated and financially independent, the necessity of marrying older men is disappearing. Now the considerations are more psychological and esthetic. It is a commonplace that some young girls turn to older men in a psychological quest for their lost fathers. Some men resent this thought...
...reflections of his 24 years as a businessman; of a heart attack; in Marathon, Fla. Hawley retired from Armstrong Cork Co. in 1951 to write his first novel, Executive Suite, a simplistic look at high-level corporate intrigue, and followed that with two more variations on the same theme (Cash Mc-Call, The Lincoln Lords), all of which made him far wealthier than most of his business colleagues. He suffered a heart attack in 1962, and his recent novel, The Hurricane Years, is a disquieting disquisition on the physiological stresses and strains that accompany the executive life...
...original aim of bail was only to assure that a man would show up for his trial, and although the Constitution forbids excessive bail, judges commonly set high figures for many crimes. The result is a form of preventive detention for the poor man who does not have the cash or credit to pay. Pretrial jailing not only punishes a man who may be innocent, but effectively prevents him from working to pay for his defense. Moreover, studies have shown that when a man has been locked up before his trial, he is more likely to be convicted...
...Johnson signed the Bank Protection Act, which requires federally insured financial institutions to take at least minimal precautions. The first regulation goes into effect this week, when banks must appoint security officers or risk $100-a-day fines. By 1970, banks must supply tellers with marked "bait" money, keep cash on hand to a "reasonable minimum," and install alarms as well as tamper-proof locks on exterior doors and windows. Banks are also urged to install cameras that take thieves' pictures...