Word: colded
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Dates: during 1970-1979
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TIME's Robert Ajemian recently joined Ted and Patrick for dinner at Kennedy's home. His report: he Senator stood in the bedroom, dressing for a night swim and needling Patrick about the cold pool waiting outside. Kennedy slipped off the canvas back brace he usually wears under his suit, put on his khaki trunks and flipped on a small color TV set. Suddenly Jimmy Carter's face appeared on the screen, speaking of politics and 1980. Kennedy, his arms folded and a hand at his mouth, watched intently, never moving. As Carter spoke, the son looked back and forth...
...also mysterious, pervasive and, in the cold eyes of Western policymakers, dangerous and disruptive to current at tempts to combat inflation. Supermoney is the immense and swift-moving pool of currencies deposited in banks outside their home countries- and thus out of the control of any government. No body knows the total, but estimates run to $750 billion in ''offshore'' dollars and $250 billion in German marks and other, mostly European, money...
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...
...character analogue of Boston and its baseball team, the team that has been blessed with some of the best baseball talent, and cursed with the worst fate. They haven't won a World Series since 1918, and their three years in the Series since then have been epochs of cold destiny and it makes you wonder if the slave ghosts of the Yawkey family's South Carolina plantation aren't visiting some terrible voo-doo on the owner's Boston plantation. And these days, the ghosts couldn't have found a better city...
...talking about Quincy Market and his downtown accomplishments with some lady who lives just off of Prince St. But, as always, the mayor is thinking about something else. White's familiar figure struts up the street and what's left of his now-white hair glows in the cold sunshine. If he's not already there, the mayor is fast approaching mid-life crisis. If he's not mayor of Boston again, there's not much else that Kevin White wants to do. If Timilty has his neck on the line. White has his pride to lose this time...