Word: money
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Dates: during 1960-1969
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...such entrepreneurs as Billionaire Hughes and Multimillionaire Kerkorian, a onetime used-plane salesman who now is the largest stockholder in Western Airlines. They are seen as saviors sent to rescue the town from its reputation as a haven for crooks. Nobody seems to know how much Mafia money is still invested in Vegas (estimates range from none at all, which is patently ridiculous, to upwards of $100 million), but Hughes and Kerkorian have indeed lent the town at least a patina of respectability. In Hughes' six casinos, for example, gaming operations are supervised by ex-cops...
What can be done to solve the crushing farrago of problems? Nationalist governments could expropriate every American business on the continent, and the region's economic destiny would still be inseparably intertwined with and dependent on the U.S. Washington could funnel huge amounts of money southward, and little would be accomplished for the people of Latin America if the funds were siphoned off, as so often in the past, by the ruling classes. Neither extreme scenario, of course, is likely to be chosen-especially not the latter. The Nixon Administration's options are too limited by other crises...
...President Ngo Dinh Diem finally pushed through a law that granted tenant farmers the right to buy plots they were tilling. Because of the peasants' lack of money and the inefficiency of the Vietnamese bureaucracy, Diem's program failed. At the 1966 Honolulu summit, the South Vietnamese promised to make land reform a major part of the pacification program. Saigon did not make any real progress until three months ago, when Thieu put Than, a University of Pittsburgh-trained economist, in charge of the Agriculture Ministry and gave top domestic priority to land reform...
...since taking over six months ago. The answer, as usual, is plenty. Built in 1935 on the site of an East Boston dump, Suffolk Downs seemed to be reverting to its original state. Veeck took one look at his new property and condemned it as "a combination money machine and concentration camp...
...Gangbusters, Lytton used Broadway promotional techniques to build his Los Angeles-based Lytton Financial Corp. into a $700 million business. Overextension and the collapse of the California housing boom started his downfall in the mid-'60s, and creditors moved in to depose him in April 1968. "Money," he once said, "can be merchandised just like girlie shows," and in recent months he was contemplating a fresh start with his own advertising agency, conceding that he was no longer a rich man but "probably still a genius...