Word: cashes
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Dates: during 1970-1979
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...grubby Carter headquarters on 14th and K streets, Strauss inherits a campaign seriously short of cash: almost all of the $2 million raised so far has been spent. Indeed the committee has been in some danger of missing its next payroll. Strauss named Lee Kling, 40, a veteran Democratic operator, as campaign treasurer, and together the two hope to raise $3 million by the end of the year...
...high interest rates is the sheer shortage of mortgage money. Usury laws in two dozen states limit interest rates to below 13%. Thus many banks and savings institutions have stopped making loans because it is impossible for them to earn any profit. Traditional lenders are also running short of cash because people are transferring funds from savings accounts to booming money market funds, which invest money in high-yielding securities and pay twice as much as passbook accounts. Perhaps three-quarters of the savings and loan associations in Chicago have stopped making mortgage deals...
...Carter pledge came after months of pleading from Chrysler executives that without a quick infusion of cash the company faced not just more losses and heavier layoffs but perhaps even a bankruptcy followed by a shutdown that would further weaken the nation's economy. That, plus the fear of having to campaign for renomination at a time when Chrysler plants might be closing for lack of operating capital, is what finally prompted the Administration to set aside any philosophical doubts about such a bailout and back a big loan guarantee...
...note about a Boston fund raiser for Ronald Reagan. Singer Glen Campbell, it seems, is slated to give a benefit concert for John Connally. From the White House, via a guest list for a recent campaign dinner, comes word that supporters of the Carter-Mondale team include Johnny Cash, Willie Nelson, Cheryl Ladd, Leontyne Price, Andre Previn and Andre Kostelanetz...
...here, $100,000 there, were added to campaign treasuries in 1976 out of the proceeds of concerts by celebrated musical performers. Singer Linda Ronstadt was producing bucks for Governor Jerry Brown long before the two of them had become a hot gossip-column item. The Allman Brothers and Johnny Cash similarly helped out Jimmy Carter. This fund-raising mode was facilitated by a financing law that allowed concert receipts to be considered as donations not of the performers but of ticket-buying members of the audience. There will be more political concerts though the law has been tightened to curtail...