Word: otto
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...meeting, attended by seven of the original 15 bandits, came a startling claim: the so-called crime of the century had been financed by ODESSA, the secret international organization of ex-Nazis who were eager to channel their war loot into venture capital. The reputed leader of ODESSA was Otto Skorzeny, famous as the Waffen SS officer in charge of the 1943 raid on an Apennine ski resort that freed the deposed Mussolini from his captors. Skorzeny died of cancer...
Also in trouble: former Democratic Representative Otto Passman of Louisiana, indicted for accepting $213,000 from Park, and Democratic Representative Daniel Flood of Pennsylvania, under investigation for suspected kickback schemes. In all, 13 Congressmen and one Senator have been indicted since 1970 for illegal acts committed while in office...
...money supply and raise interest rates as an alternative way of fighting inflation. The Fed already has moved twice in the past two weeks to tighten up; last week, in response, Chase Manhattan Bank raised its prime rate on business loans a quarter point, to 8¼%. Democratic Economist Otto Eckstein says that a $25 billion tax cut would be "guaranteed to fail" if it leads to a tighter money policy. He favors both delaying the cut until Jan. 1 and shrinking it to $20 billion...
...Otto Eckstein, professor of Economics, said yesterday that "usually when the economy is in trouble and people's own economic future is threatened, we get a lot more concentrators in Economics...
Speaking before 50 people in Emerson Hall, Otto Eckstein, professor of Economics, praised Carter for the recent drop in the national unemployment rate to 6.2per cent. He also called the Comprehensive Employment Training Act (CETA) the best employment program in American history...