Word: money
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Dates: during 1960-1969
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Unable to produce the bail money, they spent the night in jail. The three secretaries were taken to the Women's House of Detention, where they were fingerprinted and asked to strip. A male doctor, looking for narcotics, examined them. "We were forced to assume all kinds of awkward and humiliating postures," Carole Geiger later said. Simmons, who was handcuffed and taken to the men's jail-"the Tombs"-was unable to contact his family. He claimed that when he filled out a form requesting that police call his father, a cop quipped: "Do you think these calls...
...mouth with a symbolic canary. But Frank's college-educated brother Vince (Alex Cord) has acquired new credit cards of identity. Not for him the violent memories, the long jags on vino, the crude labor racketeering. His work is the more up-to-date business of "washing" dirty money: making ill-gotten gains look legitimate by putting them through business firms that the mob has taken over. The new rulers have also learned to watch their Black Handiwork; to them, the older brother is an embarrassing antique, to be brought up to date or kept out of sight...
...final economic report to Congress, he called for a strategy aimed at slowly reducing both inflation and the excessive boom in business. The principal ingredients are a small-and perhaps precarious-budget surplus (see THE NATION) and a Federal Reserve Board policy of permitting the supply of money and credit to expand less than it has over the past three years. What the nation must avoid, warned Johnson, is "an overdose of restraint" that could easily lead to recession...
Unfortunately, that record is more than a little misleading. The 69 funds that failed to outperform the Big Board's index account for some $21 billion-or more than 38%-of all the money in funds. Investors Mutual Fund, the industry's biggest (assets: $3 billion), grew a disappointing 8.45%. A sister fund, Investors Stock ($2.3 billion), gained 8.3%, while Wellington Fund ($1.8 billion) rose only 8%. Fidelity Trend ($1.4 billion), which registered a 34% increase in 1967, achieved no more than a 1.76% rise last year...
...businessmen collect and collate countless minor statistics-not the least of which is the fact that American mothers change their babies' diapers about 25 billion times a year. While pondering that vital information 13 years ago, executives of Cincinnati's Procter & Gamble Co. decided that there was money to be made in diapers. That was the genesis of what has become one of the best-selling new consumer products in years...