Word: hocks
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...proportion of gross national product has increased from just over 30 percent to nearly 70 percent. If current trends continue, the proportion will increase to 100 percent within five years. We are a rich nation. But even millionaires get into trouble when the amount they are in hock (out total debt) is equal to or greater than their annual income...
...that could bring the space age to life. In their eyes, those first moon landings represented a false dawn of space exploration, just as the early Viking voyages to America were ahead of their time. Only when technology makes space flight cheap enough, as one astronomer put it, "to hock your socks and go," will the real space age begin. What will that age produce...
...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...