Word: clan
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Dates: during 1980-1989
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...NEILL CLAN of North Cambridge has been better weeks than last. In Washington, dad "Tip" got lambasted by the President in their annual tussle over budget cuts. Back home, the family suffered a couple of minor embarrassments; the speaker's mother, minutes late to a Cambridge ward caucus, was locked out and prohibited from voting; daughter-in-law Jackie ran for one of the delegate slots in Boston's word 5 caucus-and lost. Worst of all, as the week went on, and the official tallies from the state's roughly 600 ward caucuses trickled is, it became increasingly clear...
...maximize the wealth of society though their decisions. This is a natural impulse, Posner says, because economic theory can explain the legal institutions of pre-literate cultures. Beginning with an imaginative look at the social institutions found in Homeric epics, Posner incorporates modern anthropological studies to conclude that clan, and not government is the primary source of social order in primitive societies, and that gift-giving among such groups fulfilled many of the functions of modern trade...
None of this, of course, is original; startling and fresh is Posner's belief that the exchange of gifts also provided a way for one clan or person to ascertain the reliability as a trading partner of another. This concept is central to the author's argument that information and the need for knowledge of the dependability of a transaction partner explain both privacy laws and racial prejudice...
...members of the French Rothschild clan will not lack for things to do with their money. Unaffected by the nationalization are the nonbank personal holdings of Baron Guy and Cousins Baron Alain and Baron Elie, including New Court Securities, a U.S. investment firm based in New York City, which will now receive more of the family's attention and money. And beginning Jan. 1, 1982, New Court will change its name to a more golden sounding sobriquet: Rothschild...
This tight friendship between the two is easily evident; married within two weeks of each other about six years ago, the two were each others' best men. Similarities in personality and attitudes--particularly toward their families--also illustrate the closeness that permeates the McLaughlin clan. The chance to be closer to his family was a significant benefit of Tom's decision last spring to leave Notre Dame for the UMass job: "We're two brothers and we're very close. We're both very family-oriented (Frank used exactly the same phrase), and its nice to be in the same...