Word: payoff
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Dates: during 1960-1969
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Anyone who has followed the Bob by Baker case even vaguely knows of charges of a political payoff to help finance the 1960 presidential campaign and of reports that Baker used shapely party girls to help smooth the way for his shady deals. Last week the fact that there was indeed a lot of loose change floating around -$35,000, to be exact-was confirmed beyond a doubt, to whatever purpose it may have been used. And the Senate Rules Committee, reopening its hearings into the Baker affair, also began pinning down some of that party-girl talk...
...reached up among the rows of bottles and picked a rarely used mixture called mercaptan l-phenyl-5-mercaptotetrazole. When he swabbed the mixture on the film and then developed it, recalls Blake, "it was like going to the race track and hitting the daily double." The payoff: a major advance in photography...
...investors had good reason to rejoice. General Motors Corp., reporting record nine-month profits of $1.36 billion on alltime sales of $13 billion, voted a year-end extra dividend of $2 a share. With higher dividends for the first three quarters, that will raise G.M.'s big payoff from $4 a share last year to $4.45 this year, and give some 250,000 shareholders enough for a down payment on a new Chevy or even a '65 Cadillac. While G.M.'s calculated munificence will reverberate throughout the economy, the biggest individual beneficiaries will be five elderly...
...physics. The Royal Swedish Academy of Sciences called his achievement a triumph of "quantum electronics," which was another way of saying that Townes's work had pointed the way toward masers (an acronym for microwave amplification by stimulated emission of radiation). The other half of the $53,000 payoff went...
Still a bigger payoff could lie ahead...