Word: interesting
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Dates: during 1960-1969
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...week's end, even the thorniest conflict-of-interest problem facing Nixon's extraordinarily affluent Cabinet seemed to have been resolved to the Senate's satisfaction. As for Hickel, the Senators kept their prehearing promise of teaching the Alaskan millionaire exactly what was expected of him in his national post...
...SHOUTING about the Boston Sound was mostly about the courtship the BS was carrying on with those two whores with hearts of gold, Fame and Money. The big recording companies were pouring money into promotion of the scene before it had matured, feigning great interest in the musicians. The musicians, myself included, fell for it. Somehow in our hearts we all believed that there, way up high on top of the Big Rock Candy Mountain a recording contract was being written by genial producers and stamped with approval by God. Nobody really had any idea what was going on, although...
...Interest rates have been climbing since early December because the Federal Reserve Board deliberately put banks into a squeeze. The board raised from 5¼% to 5½% the rate at which bankers themselves can borrow from the Federal Reserve. But it made no change in the 6¼% ceiling on the interest that banks are allowed to pay on large time deposits, which account for about $23 billion in U.S. banks. As money rates in the open market spurted above 6¼%, New York City banks alone lost almost $1 billion in such funds as corporate treasurers took advantage...
...economy." When Agnelli tells people that he "looks after a few matters for my brothers and sisters," he refers to his stewardship of I.F.I. (Istituto Finanziario Industriale), a family holding company that looks after a sizable chunk of Italy. I.F.I, holds the family's 25% controlling interest in Fiat, plus a 50% interest in Cinzano vermouth and investments in cement, chemicals, shipping, insurance, finance, assorted hotels and real estate...
...particular I.F.I, interest is in Villar Perosa, a town of 4,000 not far from Turin. The people use a church on the Agnellis' 60-acre country estate and draw their livelihood from an I.F.I.-controlled ball-bearing industry. They also routinely elect Agnellis as their mayors. Gianni has held the job since World War II, and his main concerns have been with Villar Perosa's housing, its budget and its roads. Recently I.F.I, issued 3,000,000 shares of stock that were eagerly bought at $9.63 each by some 30,000 investors. Gianni...