Word: money
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Dates: during 1980-1989
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More important, the Soviet Union has a glut of cash, a so-called monetary overhang, which has ballooned under Mikhail Gorbachev because the Soviet government has run increasingly large budget deficits to maintain social peace by subsidizing prices for essential goods and services. The government prints more money to cover the gap, which in a free-market economy would increase inflation. But under the severe price controls of a command economy, the money has no place to go but under the mattress. Jan Vanous, research director of PlanEcon, a Washington-based consulting firm, estimates that...
Ford goes about doing good while doing well. He plays golf all over the world for fun and charity, reminds everybody he was an Eagle Scout and still lives by the code, practices old-fashioned partisan politics in election season and openly relishes the money from the boardroom...
Nixon is the most scrupulous in money matters. He will not take fees for speaking, will not serve on corporate boards, dropped his $3 million-a-year Secret Service detail. His passion remains power and influence. Nancy Reagan's memoirs report that Nixon called the White House in 1987 and offered his services to urge the hapless Don Regan to quit as chief of staff...
...mistakes. But never in my life did I intend to defraud anyone." That last-ditch bid for leniency made little impression on the judge, known as "Maximum Bob" because of his penchant for stiff sentences. "Those of us who do have a religion are sick of being saps for money- grubbing preachers and priests," Potter angrily told the defendant. Bakker, 49, was quickly bound in handcuffs and leg-irons and driven to a federal facility in Talladega, Ala., to begin serving his time. He is to be transferred to a medium-security medical center in Minnesota and assigned...
...1920s. That was a time when animals were thought to be good (elk and bison, for instance) or bad. Wolves had been pursued in the West as if they were not merely bad, but evil. Cattlemen lost entire herds to harsh winters, then spent enormous, irrationally large sums of money taking vengeance on wolves. Barry Lopez, in his haunting book Of Wolves and Men, tells of wolves drenched with gasoline and set afire, wolves pulled apart by horses. You can't dismember an April blizzard...