Word: money
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Governor, Patterson had to raise money for his state: he went to New York, worked out financing details on a $60 million state bond issue with Lehman Bros., the famed Manhattan international banking house. Because the Lehmans are Jews, Governor Patterson's dealings aroused Alabama's anti-Semites. In June, Patterson spoke to the state legislature, expressed sentiments that seemed heresy to Alabama's rabid segregationists. Said he: "We cannot afford to crawl back into a hole as far as public education is concerned." On a trip to Washington, Patterson met Massachusetts' Senator John Kennedy, whom...
...adept as Grassi was at getting money, he was even better at losing it. Last month, in one three-day spree in Monte Carlo, he dropped $490,000. A few days later, at Le Touquet, he lost heavily again, this time ironically playing beside an American businessman on vacation-Ralph Thomas Reed, president of American Express Co. Reed was not the only one who wondered at the recklessness of the mysteriously affluent Italian. A Parisian gossip columnist wrote an item about "a young Italian, Mr. Grassi, who never bets less than one million francs at a time at roulette...
Another who shuddered, at reading the item, was Cashier Allen. In alarm, he phoned Grassi and asked him to return the money. When Grassi could fork up only $50,000 of it, Allen worried for three weeks, finally confessed to American Express officials, and then to the police. Had Allen given Grassi the money to speculate on promise of a share of the profit? The hapless Allen would only say, "I had no idea he was a gambler . . . He lived at the Georges V Hotel. How could I have any suspicion that he wasn't honest...
Nessim insists that he got his collection out through some bureaucratic error, but his Chinese export permit looked official enough. Presumably the Chinese Reds agreed to sell some of the family heirlooms simply because they needed the money for foreign exchange...
...DeOrsey's words, "things you couldn't imagine." The "things," added DeOrsey, do not include a bid from a bank to open an astronauts account with the theme: "They might take a risk in space but when it comes to what they do with their money on good old earth . . ." DeOrsey coldly turned the offer down. LIFE has assigned three staffers to stay with the seven astronauts during most of their rigorous conditioning period, has a first article in the works...