Word: ledgerdemain
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Dates: during 1960-1969
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Slightly Surrealistic. Well, it helps to have been a Wall Street lawyer-in more ways than one. Consider the ledgerdemain of the San Clemente spread. The price for the estate of 21 acres, including the large, Spanish-style villa now known familiarly as White House West, was $1.4 million. The terms were $400,000 down and $100,000 per year, plus 7½% interest per year on the initial outstanding debt of $1,000,000. The sale called for the principal to be paid off within five years. Normally, such an undertaking would require prodigious amounts of cash: annual payments...
...film is at its best when it takes affectionate backward glances: at Harold Lloyd with some adroit window ledgerdemain, at the Modcap costumes of the period, at such ricky-ticky tunes of the '20s as Baby Face and Japanese Sandman. But when nostalgia dims, so does the picture's brightness. The new songs by James Van Heusen and Sammy Cahn are tepid at best, and Joe Layton's dance interludes are as spurious as bathtub gin, introduced solely to juice up a weak scenario...
...based brings the agency-only a 4.78% return. To attract investors at all, FNMA had to make up the difference between that and today's higher level of interest rates. That cost, $5,100,000 a year, amounts to a subsidy in support of Johnson's budget ledgerdemain...
...programs, from medicare to urban rebuilding. The Johnson budget is controversial because there is a widespread feeling that the uncertainties of the war in Viet Nam have made it even more tentative and inexact than budgets customarily are-and that the President has had to use every trick of ledgerdemain to hold down the deficit to $1.8 billion. Budget Director Charles Schultze defends his handiwork as "a highly responsible budget," but criticism, like the budget itself, seems to keep on growing. Says Joseph D. Ardleigh, executive vice president of the Research Institute of America: "The budget counts on savings that...