Word: pari
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Dates: during 1950-1959
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Publisher Loeb's combative instincts have also resulted in some notable crusades by the Union Leader. In 1955, for example, when lawmakers opposed an increase of the state's share of pari-mutuel receipts, the paper printed the names of 42 legislators who were on a racetrack payroll. But Loeb himself derives his keenest joy from an editorial page that ranges acrimoniously from "gulliberals" to Detroit ("overgrown, overdecorated, over-expensive U.S. cars"). "Newspapers," he maintains, "should be run for fun. not profit." From the Manchester Union Leader Publisher Loeb gets both...
...Horseplayers all over the U.S. groaned to learn that Postmaster General Summerfield has forbidden the use of the U.S. mails to Mexico's Caliente Future Book. Otherwise restricted to on-course pari-mutuel betting or illegal off-course bookmakers, Caliente's bettors could formerly mail a bet to the Mexican book months in advance of such big stakes as the Garden State or the Kentucky Derby, pick their horse from a long list of possible entries at odds as high as 1,000 to 1, get back 10% of their bet if their horse simply started...
...fourth straight year (and fourth time in thoroughbred racing), U.S. horse-players bet more than $2 billion. Of the $2,231,528,140 total wagered at pari-mutuel windows in the 24 states where on-course betting is legal, the states themselves took a $164,418,294 bite. Most voracious were the New York State tax collectors, who swallowed $43,177,361, more than one-quarter of the national tax total...
Ignoring the caterwauling protests of Governor Earl Long, the Louisiana house of representatives last week left ol' Earl's incendiary tax proposals (TIME, July 2) in ruins. Rejected by the legislators: Long-backed measures to boost state levies on sulphur, natural gas and pari-mutuel betting. Scheduled for similar treatment: an administration bill increasing taxes on timber and pulp...
...campaign to amend the constitution so that a two-thirds legislative majority is now needed for all tax boosts, hence most of Earl's paralyzing tax increases seem doomed to defeat. But that does not mean that Earl will give up. When, after the hard-won reconsideration, his pari-mutuel tax bill was beaten by one vote, Earl took another tack: he let it be known that he was thinking of letting a Northern syndicate into Louisiana to run competition to New Orleans' Fair Grounds race track...