Word: floating
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Dates: during 1960-1969
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...weeks ago. President Howard L. Clark, 46, announced Amexco's eighth dividend increase (from 30? to 35? a quarter) in ten years. At heart, however, Amexco is not really a tourist agency but a bank. The cornerstone of its prosperity is a curious nest egg called "the Float...
...Float stems from Amexco's estimated $2 billion-a-year sales of its famed blue traveler's checks. The average traveler's check is not cashed until almost three months after it is bought. As a result, Amexco has a continuous pool of cash-now amounting to about $400 million-on which it pays no interest and earns around 3% yearly. "Central banks apart," remarked London's Financial Times recently, "there is probably no other financial institution in the world that manages to obtain a supply of 'free money' on this kind of scale...
...Careful Caretaker. Amexco is conservative with the Float, invests it chiefly in government bonds and tax-free municipals. "We take good care of other people's money," says Clark, an earnest lawyer and C.P.A., who became president of Amexco three years...
...spirits and the greatest of glee. J*mes B*nd, their heavily camouflaged fly spy hero, is asked to uncover the hideous doings of one Lacertus Alligator (no asterisks) who plans to hijack the British Houses of Parliament with the Queen and everyone else of any importance inside, float them down the Thames and across the Atlantic, and ingeniously hide them in the Caribbean by spraying them with purple paint. Alligator heads a notorious criminal group which identifies itself as T.O.O.T.H. (it stands for 'The Organization Organized To Hate...
...Missouri Ozarks, a real vigorous sport is floatin': people get on what they call "John" boats and just float. This show is a three-day float on the Current River, where the Federal Government wants to create a national park...