Word: cashes
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Dates: during 1970-1979
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Eurocurrency began as an offspring of the cold war. After the 1956 Hungarian revolt, Soviet officials feared that the U.S. would seize the dollar deposits that Moscow had in New York City banks, so they transferred the cash to London. After moneymen began lending the state less dollars to companies in Europe, U.S. bankers and businessmen recognized a promising new source of capital. The lending of hard foreign currencies soon spread out from London. Among the first to handle such loans was the Soviet-owned Banque Commerciale pour I'Europe du Nord in Paris, which has the telex address...
...idea of investing in this money market is hardly new, but the minimum stakes are so hefty that trading used to be done only by rich people, corporations and institutions looking to park their idle cash. This discrimination has been ended by the swelling number of money funds that have been formed by mutual fund companies and brokerage firms to pool small investors' assets. Since the returns rise along with surging interest rates-and the highest bank prime lending rate rose to 15¼% last week-money market funds are booming. About 75 such funds now handle nearly...
...programmed by anyone familiar with BASIC, the simplest computer language, to do income taxes, balance a checkbook, record recipes, update the Christmas-card mailing list and play chess and backgammon. Benjamin Rosen, a Manhattan investment analyst, relies on his Apple for evaluating securities portfolios and doing cash-flow projections...
Faulkner spent his prime writing years perpetually strapped for cash. The energy poured into novels like The Sound and the Fury (1929) and As I Lay Dying (1930) netted him almost nothing, and the private squirearchy he was establishing in Oxford, Miss., cost money. Hollywood offered him periodic stints of screen writing, and these paid some bills. The marketplace for short fiction provided another recourse. Luckily for Faulkner, at the time it was enormous: the Saturday Evening Post, Collier's, American Mercury, American Magazine, This Week, Woman's Home Companion, Country Gentleman, Scribner's magazine. Faulkner received...
...gasping stretch of the 1978 season in favor of Pawtucket sweetmeat, was. With more than 50 years worth of cameras and newsclips and Causeway St. anecdotes, there's Tris Speaker, Babe Ruth, Sparky Lyle, Ernie Shore, Dutch Leonard, Duffy Lewis, Cecil Cooper, the heroes whose promise was traded for cash or mediocrity. Back, further into the piles of faded photographs and daguerreotypes of old-looking men in baggy, dusty uniforms, there's Lou Boudreau, Luis Aparicio, Orlando Cepeda, Ellston Howard, the heroes that Red Sox management fielded in the waning years of their lives. The Picture History of the Boston...