Word: cash
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Dates: during 1960-1969
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Britain's endemic deficits are usually largest in times of expansion, when Britons, fully employed and flush with cash, step up their purchases of goods from abroad. This time, however, Britain is in the trough of a government-imposed slowdown now 18 months old, a belt-tightening period of austerity imposed by Wilson's government after another sterling crisis...
...many a person wary of thieves, traveler's checks and credit cards are better than cash. Thieves agree. Precisely because the cards and checks are not legal tender, a smart crook knows that he is usually safer stealing or forging them than he is stealing or forging the real thing. In many states, lifting a credit card amounts to nothing more than lifting a penny's worth of plastic: serious crime may occur only when the issuing company is actually defrauded. The situation is much the same with traveler's checks. As a result, a man found...
...called a press conference at the unusual hour of 8:30 a.m., presumably to give the more friendly afternoon Bulletin his side of the story. He announced that he lost $15.5 million recently, that bankruptcy "could come at any minute," and that he needs about $7,000,000 in cash right now in order to stay solvent. He blamed his woes on a combination of "tight money" and his own "bad planning...
Besides bringing winners $10,000 in cash and more prestige than any other U.S. medical citation, the Albert Lasker awards have proved to be a reliable lens for focusing international recognition. In the 21 years since Millionaire Adman Lasker founded the annual prize, no fewer than 17 recipients have gone on to receive Nobel awards. The Lasker laurels also honor practical achievement, as well as theoretical research. Of the 1967 winners announced last week in Manhattan, for example, one has virtually eliminated the threat of a killing disease in several Asian nations in the past dozen years; the other...
...brief fling in production at Expert Films, Inc., part of Manhattan's nudie industry (TIME, Oct. 20). That ended when Rooks was arrested for possession of narcotics. Given a three-year suspended sentence, he drifted in and out of odd jobs and a brief marriage, occasionally stealing cash from his father's wallet to buy dope...