Word: penniless
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Growing up in Cleveland, Seltzer did not have any particular reason to like his city. His father, a carpenter who wrote 49 Western novels in his spare time, was almost penniless. Louis had to quit school in the seventh grade to take a job as office boy for the now vanished Cleveland Leader. Within a year, he was writing his own light Sunday column, "By Luee, The Offis Boy." But at 15 he was already a has-been. His city editor fired him and told him he was not fit for journalism...
...prevent a depression. If employers responded to a fall-off in demand by slicing wages and dumping workers, said Keynes, that would only reduce incomes and demand, and plunge production still deeper. If bankers responded to a fall-off in sayings by raising interest rates, that would not tempt penniless people to save more?but it would move hard-pressed industrialists to borrow less for capital investment. Yet Keynes did not despair of capitalism as so many other economists did. Said he: "The right remedy for the trade cycle is not to be found in abolishing booms and keeping...
...Conwell practiced what he preached. He is well remembered as the founder and first president of Temple University. He died virtually penniless because all his earnings were invested in the lives of young men and women who studied at Yale and Temple universities...
Charles Bluhdorn, 39, Manhattan-based chairman of Gulf & Western Industries, a widely diversified company specializing in auto parts, began as a penniless immigrant. Now he is worth more than $15 million...
Settlers' Choice. Under hardheaded commercial management, Rhodesia quickly flourished. Cheap labor was provided by a hut tax, which forced the penniless natives to go to work for the settlers to pay it. But the settlers worked beside them in the fields and gradually adopted a paternal feeling toward them. New settlers poured in, built themselves Victorian towns and sturdy houses, and planted mealies (corn) and tobacco on the veld. When more land was needed, the natives were moved off, until in 1928 the officials decided something had to be done to protect them. The result was the Land Apportionment...