Word: kickback
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Dates: during 1950-1959
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Democratic Cook County Treasurer Herbert C. Paschen, 51, last fall hired Banker Edmund Burke to investigate and correct the "horse-and-buggy" accounting system used in his Chicago office. He had considerable reason: press charges of a kickback "welfare fund" (which Paschen denied collecting) had just forced Paschen from the governor's race (TIME, Sept. 10). Another kick would be likely to finish him politically...
...adviser for Teamster investment, explained that little by little he got the wind of Dave's shenanigans, advised him more than once that it was time to straighten out his affairs. At length he fired off a "Dear Dave" letter: "There has been talk of your receiving a kickback [from a building loan in Honolulu with Teamster funds], the plain implication being that this was in accordance with a pattern. I am sure that your fiduciary duty has never been sufficiently impressed upon your mind. Accept my resignation...
Beetle v. Geoid. If the earth were a perfect sphere, he says, it would not be stable on its axis. The "smallest beetle crawling over it would change the axis of rotation in relation to markings on the sphere" because there would be no force to resist the kickback of the beetle's crawling. But the earth is not a perfect sphere; it is a geoid slightly flattened at the poles by the centrifugal force of its rotation. So it spins like a fat flywheel on the short axis between the poles...
...gold in European trade. Since the Russians have undoubtedly melted down the coins and removed the Spanish mint marks from the bullion, it was hard to see how Madrid could identify the gold in question with Spain's lost treasure of the civil war. By extorting this secret kickback from the Loyalists, the Communists, though on the losing side, came out of the war with a clear profit...
Entrenched in the town halls of a third of Italy's municipalities, many Red mayors have long engaged themselves in a lucrative tax racket. Sometimes they call in private firms to collect local levies (a frequent practice in Italy), but add a twist of their own: the party kickback. On the books, the collectors got an exorbitant 30% commission; they actually kept a generous 18% to 20%, and handed over the rest to swell the coffers of the West's biggest, richest, strongest Communist Party. Typical annual payoffs for the Reds: 17 million lire ($27,200) in Modena...