Word: gresham
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...Gresham's law, Walras' law, Parkinson's law and Mrs. Parkinson's law, students of the human condition can now add Buchwald's law: As the economy gets better, everything else gets worse...
Pocketbook Rebellion. Elsewhere, less obviously inflammatory grants have provoked similar reactions. A 1968 grant to the Black Unity League in Louisville ran into resistance after three leaders of the group were charged with conspiracy to blow up oil storage tanks during a riot. Louisville Bishop C. Gresham Marmion asked that the grant be deferred until the three had been tried, but Leon Modeste, the black layman who directs the Special Program, made the grant on schedule. In North Carolina, a $30,000 grant to the Malcolm X Liberation University created a furor when the local bishop was denied a voice...
...will learn of the day's events in the nation and in the world." Such vast and unchecked power in the hands of a "small and unelected elite," the Vice President claimed, has served to distort traditional rhythms of "normality" -"our national search for internal peace and stability." Gresham's law, he said, "seems to be operating in the network news. Bad news drives out good. Concurrence can no longer compete with dissent. One minute of Eldridge Cleaver is worth ten minutes of Roy Wilkins...
Perhaps the best hope in dealing with the erotic explosion is that the crassest, most commercial panderers will be curbed by law; beyond this, in legitimate arts and entertainment, a public sense of taste?and humor?will act as the best censor and restore some balance. Gresham's law does not necessarily apply to literature, theater or cinema. The bad drives out the good only temporarily. The point has been made briefly: anything can be shown. Now perhaps the time has come to remember that not everything has to be shown...
...Temp recalls, Guidesters began writing to complain about the Gresham Hotel in Dublin, an alltime Fielding favorite. He collected their letters over a seven-month period, then sent photo copies to his old friend, Manager Toddie O'Sullivan. "I said, 'Toddie, I don't like this at all. Something must be wrong.' " Next, he dispatched Nancy on an inspection trip, then dropped the Gresham to No. 2 in Dublin, behind the Shelbourne. "We said we hoped it was only a temporary aberration," Fielding says. At first furious, O'Sullivan took a second look and decided that the Guide was right...