Word: crediters
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Dates: during 1960-1969
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...garrison that held Khe Sanh. Total damage to the capital's buildings and property: $13.3 million, highest in the U.S. Arsonists and looters were highly selective, hitting elegant clothing stores such as Lewis & Thos. Saltz, or else stripping liquor or grocery shelves and then burning credit records. Ten deaths were counted in the capital. The 711 fires that plumed the city afforded a pyrotechnical spectacle unmatched since British troops burned the capital in 1814. Police and soldiers alike kept their fingers off the trigger, and at week's end Vice President Hubert Humphrey pointedly rewarded troopers who were...
...uprisings were mostly spontaneous, some highly selective arson campaigns were apparently planned to destroy stores' credit records and give ghetto residents a financial reprieve. "Don't grab the groceries," one mother told her son, "grab the book." Many apparently also grabbed cash. Said Chicago's Cook County jail warden Winston Moore: "Never have I seen such rich prisoners." The average adult looter arrested in his territory, according to Moore, had $300 to $400 on his person, and even youngsters "had over $100 on them...
...chief means of social reform. Even primitive Christians, proclaiming love, destroyed pagan temples to dramatize their cause. The Boston Tea Party had the same purpose. The 13th century King John's Magna Carta illustrated the oldest inducement for social reform: fear of "revolution or worse." To his credit, Marx argued against violence until societies were really ripe for change; most Western European labor terrorism disappeared as a result. But in romantic countries, including the U.S., revolutionary violence often became a mystique for purging feelings of inferiority. Explains Brandeis University Sociologist Lewis Coser: "The act of violence commits...
...sometimes make a catch. Off Ecuador last year, Lee Wulff patiently cast to 20 striped marlin before he finally snagged a 148-lb. beauty with his $12 fly rod and $20 reel. That fight took a mere 4½ hours. Stu Apte has a 151-lb. tarpon to his credit, caught on a fly rod with a 12-lb.-test leader. Bob Zwirz, 42, a fishing writer, actually used the same fly rod last year to catch a 5-lb. brook trout in Canada and a 92-lb. tarpon in Florida...
...Much Credit. The big trouble was that money flowed in at a rate that strained Lytton's ability to invest it profitably. The collapse of the Southern California real estate market hit Lytton Financial hard, forcing its two subsidiary S&Ls to dispose of $56 million worth of foreclosed property in 1966 and 1967 at a loss of nearly $11 million. They still have $46 million more of foreclosed property on their books. To keep the capital reserves of the subsidiaries at the required level, Lytton borrowed through his holding company and lent them the money. Even so, those...