Word: interest
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Dates: during 1960-1969
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...President's other mortgage obligations are less Zeckendorfian. The two houses he bought on Bay Lane in Key Biscayne formed a $252,800 package. The house at 516 Bay Lane has a mortgage of $100,000, payable in 25 years at 7½% interest. The second house, at 500 Bay Lane, has two mortgages totaling almost $80,000, each for ten years at 6%. The presidential compound formed by the two houses is flanked by Nixon's friends. The ubiquitous Rebozo owns a house adjacent to the President's property. The house next to Rebozo...
...land-development firm near Miami. Selling at $2 a share, the President doubled his original investment. With his White House salary, and what he saved from the fat years as a corporate attorney in New York, Richard Nixon is reasonably well off. And, of course, all the interest he pays on his holdings is deductible from his personal income taxes. His only real estate problem seems to be that, whenever the Nixons move into a neighborhood, they drive property values up. In the ten months that Nixon has owned the two houses in Key Biscayne, they have both reassessed upward...
...Harlem restaurant. Back in Paris, he resumed contacts with other nationalist-minded Asians, and found himself increasingly attracted by the rosy ideals of international Socialism. In 1919, Ho rented a striped suit and derby and sought out Woodrow Wilson at the Versailles Peace Conference. Ho hoped to interest the peacemakers in his dreams of autonomy for Viet Nam, but his efforts were ignored. In 1922, after discovering that French Socialists were similarly indifferent to the problems of the colonies, he joined the newly founded French Communist Party. His path...
Free Elections. Ghana's first republic foundered under Kwame Nkrumah, the megalomaniacal coxcomb who called himself "Osagyefo" (Redeemer). Nkrumah was toppled 44 months ago and sent into exile in nearby Guinea. He is living there on the interest that Guinea is paying on a $2,400,000 loan made during his administration. Since he was deposed, Ghana has been ruled by the National Liberation Council, a six-member coterie of army and police officers...
Glib Sermons. Pike's earlier interest in religion was far more prosaic. Raised a Roman Catholic, he rejected Roman Catholicism in college, drifted into agnosticism, and married briefly (the marriage was later annulled by the Episcopal Church). He became a lawyer and joined the Securities and Exchange Commission in Washington. Religion did not re-enter his life until after his second marriage, when as a wartime Navy intelligence officer he started going to church again-the Episcopal Church. A deacon by war's end, Pike zipped through heady advanced courses at Manhattan's Union Theological Seminary...