Word: cashed
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Dates: during 1960-1969
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...efforts to fuel U.S. education with cash, the Great Society has taken a relaxed view of the First Amendment ban on official establishment of religion. Convinced that all Americans will benefit, Congress has included parochial-school students in a $1.3 billion federal program aiding U.S. public schools, and folded church-related campuses into a $1.6 billion plan for aiding higher education. The purpose is surely secular, but is it constitutional...
...Film Bonanza. Mergers to gain new management, more operating cash and some diversification are today's fashion. Last month Paramount Pictures became part of Gulf & Western Industries, which has grown into a widespread company with $317 million in sales. United Artists, though enjoying robust health after its Bond and Beatles bonanzas, is nonetheless looking for further monetary security as well as diversification. A proposed merger with Consolidated Foods was recently turned down by stockholders. But the company is still looking, with Transamerica Corp., a financial holding company, currently said to have the inside track. Such hardheaded business decisions...
...worse. For three days all other Lebanese-owned banks were closed; when they reopened, $35 million was withdrawn almost immediately. Virtually none of it has been redeposited in Lebanese banks. Since Intra held 38% of the country's deposits, its continued shutdown has meant a disabling shortage of cash. Lebanese restaurants report up to a 50% falloff in business; in the gambling casinos, the dealers are playing blackjack with one another. Worse, merchants have now lost their credit ratings, must do business on a full cash basis before goods will be delivered. Since they do not have much cash...
...bank directors themselves could make up out of their pockets. Bedas, who was out of the country when the crisis struck, has stayed out, but has been scouring the U.S. and other financial markets, where he has raised a reported $70 million. And if the bank wants to raise cash by selling off such assets as MEA, the interested buyers include France, Russia, Kuwait and even Stavros Niarchos. Intra, in short, claims it could open tomorrow if it were allowed to. Despite a heavy dose of press criticism, Yaffi's government is going slow. "We are working hard," says...
...bite can serve for a hundred. The assorted Ríoses are sometimes indistinguishable; the reader may find himself turning back to the chapter heading to see which one is talking now. He may get lost, too, in the endless procession of Ríos swains, lovers, husbands and cash customers, and in the steady passages between San Juan and New York...