Word: money
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Dates: during 1960-1969
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...bottom, what is most distressing to the protesting doctors is the fact that some of their colleagues are making a lot of money out of abortions in London's private Harley Street hospitals and suburban nursing homes. For that, no effective remedy is in sight. One opponent of the present law wants to amend it by imposing a six-month residence requirement to quash the jet-set trade, but no amendment can take effect for three years...
...problem of Careers Today magazine was not money but response. Editor in Chief Nicolas H. Charney and Publisher John J. Veronis lavished more than enough on production costs and advertising. Although it had promised more, the magazine never developed into much more than a job hunter's guide on slick paper. Subscribers were so few that they cost more than they were worth. Last week, after four issues, Careers Today folded. Its demise was not, of course, the end of Charney and Veronis (TIME, Feb. 14), who will continue to publish the successful Psychology Today...
...Moore), she chirped: "Why, it's a good-looking young Negro. Now don't tell me. I'll bet you're a doctor, a lawyer, a scientist, or maybe even an astronaut." "None of them," rejoined the black, pulling out a gun. "Give me your money." Carol handed over her pocketbook and smiled: "It certainly is refreshing to meet someone who isn't a credit to his race...
Another basic trouble, as SEC Chairman Budge warned last week, is that takeovers are too frequently financed with securities of doubtful future value. Such paper is commonly known to bankers and brokers as "Chinese money." The deals increasingly involve two little-understood kinds of securities...
...repayable 25 years later, in two installments. Under that arrangement, recipients of debentures qualify for the so-called installment-sale tax provisions. If they swap shares in a target company for the conglomerate's deben tures, they pay no capital-gains tax on the deal until they get their money back in 25 years. Debentures are doubly attractive because they are generally convertible into common stock at an above-the-market price. For the companies that issue them, debentures offer an even bigger tax break. The interest payments can be deducted from corporate taxable income as a business expense...