Word: iou
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...Though he has no allies, O'Neil refuses to make deals or cooperate with the Mayor. "White can shove that patronage up his ass," he says bluntly. While Kerrigan and Council President Hicks have carefully built up their patronage machines and index card files, Dapper performs favors without collecting IOU's. When many Councilors spent over $40,000 in their re-election campaigns, Dapper limited his budget to $1800 and hired no employees. The media has an unofficial black-out on his many charges, but he is occasionally seen on television or heard on a radio talk-show--the councilor...
Nixon observed the workings of that convention closely and came out of it understanding what he'd have to do and whom he had to court to get the nomination in four years. He spent the intervening time campaigning for local Republican candidates, particularly in the sunbelt, picking up IOU's wherever he went. So when Rockefeller emerged with his inevitable polls showing him beating Johnson in '68, it hardly mattered--Nixon had the GOP county chairmen. Rockefeller tried to offset Nixon's advantage with a $4.6 million media blitz and a new set of polls. But after the assassination...
...huge reserves of Treasury bills and other securities that can quickly be turned into cash. The idea: when the company needs money, it can sell the securities rather than borrow. Even when they do borrow, companies are shying away from banks and either selling commercial paper (a kind of IOU) at rates below the bank prime or tapping the bond market...
...another of the director's blitzed meditations on life at the edge. Cosmo Vitelli (Ben Gazzara) owns a strip joint on Sunset Boulevard and a debt of dishonor. No sooner has he finished paying off the mortgage on the Crazy Horse West than he runs up an unmanageable IOU at a Santa Monica gambling joint. To pay the debt, the gamblers put this proposition to Cosmo: snuff a Chinatown bookie. Cosmo likes the risk of the proposition. Even more, though, he enjoys the almost certain prospect of disaster. He has been looking for a way over the brink...
...also talked Middle East politics with visiting King Hussein of Jordan. The President scored heavily with the Japanese by swiftly picking up an original invitation to Nixon to visit Tokyo some time after the November elections-the first visit there by a U.S. President. Ford also pocketed a diplomatic IOU by agreeing to hold talks late next month with Japan's politically embattled Premier Kakuei Tanaka, who feels he can score points at home by negotiating with the new President. Ford extended a similar invitation to West Germany's new Chancellor, Helmut Schmidt, who plans to come...