Word: collected
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Dates: during 1970-1979
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...danse macabre. Many consumers, trying to husband their dollars in a time of diminishing incomes, rising unemployment and ridiculous prices, are letting their unpaid bills pile up. Businessmen, strapped for cash themselves, are prodding tardy customers faster and harder than ever, while artfully dodging their own debts. Unable to collect their bills, many companies are paring down their operations, and some are simply dropping out of business...
...Trick. The fact that many people are genuinely broke and unable to pay has retarded profits at many of the dunning agencies. National Account Systems, a Chicago-based collection firm that is owned by Diners Club, was assigned $150 million in debts to collect last year, up $20 million from 1969. Though more agents were hired, the company actually collected only 25% of the debts, compared with 30% in 1969. Some debtors resort to "the hat trick"; they toss all their bills into a hat and at month's end pull out a few at random and pay them...
...Illinois Attorney General William Scott began an investigation into how Powell got the money and how much of it the state could collect in taxes, the chief beneficiary of Powell's estate was as bemused by the booty as the investigators. The Johnson County Historical Society Museum, newly endowed with $1.5 million of Powell's money, was unsure just how to spend the funds on its two-room display of historic farm tools, whose previous maintenance was $200 per year...
...affordable rates." Chances are that HUD will operate through existing private companies and brokerages by acting as re-insuror to them. Though high commission rates (average: 15%) paid to agents are one cause of soaring premiums, Congress responded to insurance-industry lobbying by directing HUD to allow agents to collect "reasonable and adequate" commissions...
...stage is set by a German freighter that dumps arms into the stormy ocean. Enter handsome Tim O'Leary, the Commandant, with nine fine young men in oilslieks. O'Leary goes straight to the pub of Mr. Ryan, a trusted revolutionary, to ask for a dozen men to help collect cast-up munitions from the beach at daybreak. Trouble is, Mr. Ryan is an informer on the payroll of the aristocratic British major who is fucking around with Ryan's daughter...