Word: overdraft
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...Minneapolis Programmer Milo Arthur Bennett, whose firm handled computer work for the National City Bank of Minneapolis, programmed the computer in 1966 to ignore an overdraft in his own account at the bank. He was caught and prosecuted in four months-but only because the computer broke down and the bank's accounts were checked manually...
...when I left No. 10, and I'm still in the red," announced Britain's former Prime Minister Harold Wilson. For proof, he let his latest bank statement be photographed; it showed a hefty overdraft. "It represents," Wilson quipped wanly, "a sort of balance-of-payments crisis." Dubious Britons noted that he has just sold his memoirs to the Sunday Times for such poundage that even Timesman reportedly were afraid to admit the price. Insiders guess Wilson's fee is between $576,000 and $624,000-enough to turn all his red ink black...
...Challenge and response" was a catch phrase that Historian Arnold Toynbee used to explain the rise of civilizations. When Granddaughter Clare Toynbee, 21, was challenged by her bank to pay a $240 overdraft, her response was to become a weekend stripper in a Soho nightclub for $72 a session. Confronted by a reporter, she confessed ambiguously, "Oh well, I suppose I couldn't keep it under cover forever," and admitted that the family took a dim view. "At first I felt ashamed to strip completely in front of all those men," added Clare, an Oxford graduate...
...fight a limited war, but of how to avoid fighting any other kind." Yet he suggests that a major military test with Communism is still to come-offering no speculation on how or where. Viet Nam, in his view, is not the place. That war, he believes, represents an overdraft on American resources that is disproportionate to the national interest in that part of the world. He fears that the U.S. may find itself "unduly weakened when we need to meet new challenges in other, more vital areas of the world." That said, the general remains curiously unspecific when...
Slumping Stock Market. Many Irishmen viewed the bank strike with ebullient aplomb. "I had an overdraft due in two weeks," crowed a Dubliner, "now I can forget about it." Said an official of the Irish Central Bank, only half-jokingly: "People may soon decide that banks aren't necessary after all." Others took the situation more seriously. With cash scarce, trading on the Dublin Stock Exchange slumped, and the Tipperary cattle market closed altogether...