Word: interests
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Dates: during 1960-1969
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...LOAN-SHARKING OR USURY nets several billions?it is impossible to say how many?in revenue for the Mob. Dollar for dollar, usury is LCN's best investment; though the gross is lower than it is in gambling, profit is higher. Interest rates commonly run at 20% per week, or, in the Mob's words, "six for five"?borrow $5 on Monday and pay back $6 by Saturday noon, the normal deadline. Borrowers are frequently gamblers who have lost heavily or hope to make a big strike, but they also include factory workers, businessmen on the verge of bankruptcy...
...Cosa Nostra's legitimate business fronts were acquired when the owner could not pay his debt. Some public officials were acquired in the same manner. Over his head in various business deals, James Marcus, the former Water Commissioner of New York City, took a loan at 104% annual interest. When he was unable to pay, the gangsters found him a willing victim for other schemes, including graft on city projects. In the case of Marcus, as with many other public officials, the loan was almost certainly a come-on for what the Mob really wanted: a good friend...
VETERANS Viet Nam veterans are showing markedly less interest in continuing their education than did their World War II and Korean War predecessors. Of the 6.3 million eligible for schooling under the present G.I. Bill, which covers men who served after Jan. 31, 1955, only 1.3 million, or about 20%, are now taking advantage of the benefits. This compares with 50% participation for World War II veterans and 42% after Korea. The apparent apathy of today's G.I.s toward education is stirring concern in Congress and the White House...
...soon to compare it with the two previous programs. But the question remains whether the Bill is as well attuned as it might be to the educational needs of contemporary American society. Beyond more attractive financial aid to veterans, a more realistic G.I. Bill would spur interest in higher education while men are still in the service, and emphasize skill training to meet the economy's present needs...
Proxy Baptism. Mormon interest in genealogy stems from the religion's status as a recent or "latterday" faith. Christ's Gospel, in Mormon belief, was lost in ancient times through man's wickedness and was not restored until Joseph Smith received his golden plates from the Angel Moroni in upstate New York in 1823. But the acceptance of the "restored Gospel," and baptism in the True Church that proclaimed it, was considered necessary to earn the highest reward after the resurrection, the "celestial kingdom." Some way, then, had to be found to bring into that kingdom those...