Word: loused
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Dates: during 1970-1979
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...only to help Muskie but also to impress a grateful party with the fact that Kennedy was doing what he could to promote unity and minimize the chances of a truly damaging, down to the-wire nomination battle. Ted will then wait until 1976 to cash in the lOUs that his old roommate picked up for him last week...
There was evidence of skimming, the system used to siphon millions out of the casinos in order to dodge taxes. Last summer, state officials looking into the accounts of the Hughes-owned Sands Hotel turned up $186,000 in "markers," some of which were lOUs signed with fictitious names. Hughes' managers wanted to write off the $186,000 as bad debts, a request that the state officials bluntly refused. Mob-connected men settled down comfortably in the Hughes organization. One of them: John Roselli, who was imprisoned in the '40s for shaking down Hollywood movie producers and later...
...interest that banks can pay on short-term certificates of deposit. These rates then jumped from about 61% to 8%, which is just about the going level for commercial paper. The rise should encourage treasurers of cash-rich companies to invest in bank certificates of deposit rather than lOUs. That sort of simmering down of the commercial-paper market could only be beneficial, for corporate borrowing practices should hardly be reminiscent of a permanent floating crap game...
...Administration had won its battle ?but it was now in danger of losing the war. "The White House had shot its wad on recommittal," Bayh explained. "They called in all their lOUs on that one. They cranked up for the wrong vote." He was confident not only of pinning down the tie vote but also of scratching out one more anti-Carswell ballot. Majority Leader Mike Mansfield agreed to call for a vote on the nomination immediately after the recommittal move lost. The motion required unanimous approval. A perplexed and wary Hruska, floor-managing the Carswell drive, objected...