Word: ownership
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Dates: during 1960-1969
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...outraged by the fact that your "Tragedy at Lynchburg" [Dec. 29] article totally neglected to put even the slightest blame for what happened on the owner of the German shepherd dogs. Dog ownership carries with it a responsibility not unlike that of parenthood, and since TIME was so careful to point out that latter responsibility in a recent Essay, how could you have failed to recognize that Mr. Ernest G. Floyd's irresponsibility was the true cause of this tragedy...
...step. That set off another round of speculation, which, by expert estimate, cost the U.S. anywhere from $100 million to $400 million in gold. Who did all the buying? Mostly speculators, ranging from Middle Eastern sheiks and wealthy Latin Americans to some Americans who dodge U.S. restrictions on gold ownership by dealing through Canada or Switzerland...
...this score. Intra Bank, when it collapsed in the fall of 1966 and sent Founder and Financier Yusef Bedas into hasty exile, turned out to hold loans of about $120 million made on virtually nonexistent collateral. But it also had another $217 million in gilt-edged investments, including majority ownership in prospering Middle East Airlines and a hunk of choice real estate on Paris' Champs Elysees. All that was needed was a plan to satisfy its creditors and the Lebanese government. This was provided by the U.S. banking firm of Kidder, Peabody...
Only declining farm prices (food for home consumption is now 1.1% cheaper than a year ago) kept the cost of living from inflating more. From 1966, home ownership costs (including mortgage interest, taxes and insurance) rose 3.5%; apparel, 4%; used autos, 4.3%; and medical care, 6.6%. Since May, overall consumer prices have climbed at an annual rate...
...improvements before it has any lasting value. While a few U.S. farmers say that they can grow everything from rice to cotton in the soil of Goias and Bahia, others have found their land nearly infertile. Since homesteads are not staked out and land records in Brazil are chaotic, ownership, moreover, is often uncertain and difficult to prove. Potential prospectors for mineral wealth have been dismayed by the discovery that anything they dig belongs, by law, to the government...