Word: cashed
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Dates: during 1960-1969
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...dream world away from the machine that gave Burroughs its start in St. Louis in 1888. This was William Seward Burroughs' arithmometer, an iron-and-glass adding device. For years Burroughs built purely mechanical adding machines, typewriters, cash registers and check printers. Turning to defense production during World War II, the company developed the Norden bombsight, then began dabbling in computers in 1947, with a small research lab. Burroughs has since developed automated check-reading devices, computers and a new family of moderately priced electronic "business systems" that handle accounting, inventory, payroll, production programming and record keeping for banks...
...needed to establish a national family allowance. I can imagine a good argument being made that if there is an extra thousand dollars a year to go round for every family in the nation, or every poor family, that the best thing would be to give them the cash and let them spend it on things they think they need most, which might well be formal education for many, but is surely to be more varied than any formula laid down in Washington would permit...
Common & Political Sense. Of course, the rosy resurgence would not be Latin if it did not include a few thorns. For one thing, it comes at a time when many predict that the country is headed for a recession. The tightness of credit has dried up cash, and consumers have little to spend. Christmas shopping is the slowest in memory. Worse still is the spreading fear that all the foreign money means that Brazil is losing its national identity. American advisers are so much in evidence at the economic ministry that Brazilians bitterly joke that more English than Portuguese...
...danger of economic denationalization is not entirely imaginary. Cash is so short that most Brazilian businesses could be purchased with dollars for just 40% of their assets, though the government is not likely to allow that to happen often or in any major companies. Nonetheless, foreign capital's share of private industry has been estimated to have increased to as much as 50%. And the national-identity issue is an increasingly emotional rallying point. With his military support, Castello Branco never had to worry about such gripes from the voters; newly elected President Artur da Costa e Silva...
Birth of a House. Liveright, who had a penchant for backing Broadway flops, needed cash, so he sold Cerf a vice-presidency for $25,000. "My first job," remembers Cerf, still awestruck, "was to take Theodore Dreiser to a ball game. Theodore Dreiser! Those were the '20s! Things were popping, and publishing was popping too! Oh God, it was a glamorous place...