Word: hocks
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Dates: during 1990-1999
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...races going full blast, a reapportionment that added seven new congressional seats, and the highest expense of all, TV time. Television has become an absolute necessity for statewide election, since it's the only way to reach huge numbers of voters quickly. "We are putting our elected officials into hock the day they are sworn in," says veteran political consultant Joseph Cerrell. He also notes that a 1954 state assembly campaign cost just $6,000. But then, not too many people...
Maxwell was deep in hock and struggling to keep his conglomerate afloat in the months before his death. The Czechoslovak-born press baron, who embraced socialism in the 1960s as a Member of Parliament, had run up $4.5 billion in debts to buy everything from American book publishers to British soccer teams to Israeli and German newspapers. But even before Maxwell was interred, reports of financial skulduggery in his shop began to surface. First came the startling revelation that the company was broke. Then came the discovery that Maxwell had pledged the same assets as collateral for various loans...
...Nowhere in the world can you find such a quantity and variety of ancient art," says Ozgen Acar, a Turkish investigative journalist. In the "open-air museum" that is his homeland, he says, farmers go into hock to buy metal detectors, while Sotheby's and Christie's catalogs "sell better than Korans." One Turkish case, tied up in litigation since 1986, involves the country's claim on the Lydian Hoard, a famous collection of 250 gold and silver wares. New York City's Metropolitan Museum of Art, which bought the pieces, does not acknowledge that they came from Turkey...
...Gulf War, however, is not one of those situations. In a war of so little consequence that we haven't even put our economy on a war footing, there is no absolutely no reason to put our democracy in hock Conservative opposition to debate and dissent is not motivated by military necessity, but by the most venal sort of political opportunism. The insinuation that opponents of war somehow love their country less is one of the basest--and one of the most effective--smears in all of politics...
Tomorrow: You graduate from Harvard. You're in the hock more than $10,000 in student loans. You take that high-paying job "for just a couple of years, until I can get myself out of debt and save some money." You aren't really that excited about bond trading, investment banking, corporate law, consulting or whatever. But then again, who is? Besides, the money is good. Damn good...