Word: payments
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Dates: during 1970-1979
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...Astor's properties by $15 million. But it was the postwar building boom that finally made the ambitious and by now well-seasoned Zeckendorf a "bee in clover." Basically, a successful real estate deal is an economic snowball operation. You find a good property, make a minimal down payment, borrow as much as possible at low interest, then sell high to finance the next deal. In addition to having an uncanny instinct for all the complex variations of this pattern, Zeckendorf had the vision to expand beyond New York into the fastest-growing areas in the country...
...gambling compulsively by the time his mother and father went to Florida for the 1958 season. He ran up debts, pawned his father's jewelry to pay some of them off, and had their home phone disconnected when hoods started calling him to demand the rest of their payment. He and a friend sold phony ads for a nonexistent labor newspaper until the racket got too hot to handle; then Elliott took odd jobs?as a rug-cleaner salesman, a theatrical-school teacher, night elevator man in a residential hotel. Around this time, things seemed to pick...
Died. William Hamm Jr., 86, chairman of the Midwest's Hamm Brewing Co., who in 1933 made the headlines when he was kidnaped by the notorious Alvin Karpis-Ma Barker gang and only released after payment of $100,000; in St. Paul, Minn...
Many men might be somewhat happier about the amendment's effects on divorce laws. It would prohibit the payment of alimony only to women, for example, so that in many cases men might collect. In child custody suits, any legal preference shown to mothers would be eliminated...
...small awards for preliminary research on projects that will take years to become rich money makers-if they ever do. Boeing, for example, was selected this month to begin work on the Airborne Warning and Control System. Though the project could be worth $2 billion by 1976, the initial payment was a meager $16.5 million...