Word: paychecks
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...that Fred, a Las Vegas jazz pianist, drew his first weekly paycheck, he immediately lost it in a poker game. "It seems as if I've been trying to get that week's pay back ever since," says Fred now, a quarter of a century later. As he floated from jazz joint to jazz joint around the U.S., Fred became a regular at the race tracks, crap tables and poker games. But he never won the week's pay back, succeeded only in blowing $75,000 more. He became hooked on alcohol and drugs, stole money from...
...Boost from the Fed. Looking ahead, Beise hopes to realize one of banking's cherished dreams: to abolish the paycheck. By teaming up IBM 7070s with ERMA, he plans to credit his bank employees' wages directly to their accounts, hopes the scheme will appeal to other companies for which his bank handles the payroll. Asks Beise: "Instead of printing checks for a company, which the employee has to deposit, why not print deposit slips...
Fanning Old Fires. In 1939 Dr. Townsend sat in dejected silence in the gallery as the House of Representatives crushed his plan, 302 to 97. By then, social security was all the thing. (Townsend contemptuously refused to accept his own social security paycheck of $99.15 until he was 86.) After his wife's death in 1951, Dr. Townsend spent his days restlessly traveling, speaking to the faithful, trying to rekindle the old fires. In the midst of a tour last month, he caught pneumonia, died of complications in Long Beach last week, a wispy old-fire breather...
...murder Majali had arrived at his bookstall from Syria innocuously labeled "press material." The two fugitive employees had dragged the bombs into the office building in suitcases the night before and set the fuses. One left the country by midnight. The other, said police, coolly collected his monthly paycheck at 8:30 a.m. before departing for what he said was his "vacation...
Independence. The college Negro is generally away from home, safe from a situation in which retribution for his sins would be visited on his family. He has economic freedom. "Adults," say a Montgomery Negro leader, "have a debt on their house. They need their paycheck. It isn't easy for them to agitate for freedom. But it is for these college boys and girls...