Word: pocketing
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Last week Schwab, 49, signed an agreement to get his baby back. Having beaten out some 50 other bidders, he will pay $230 million in cash and securities. And if Schwab's brokerage operations increase in value during the next eight years, BankAmerica will pocket 15% of that gain. The price is steep, but Schwab is delighted to regain his independence. Says he: "My entrepreneurial instincts will be excited one more time...
...smooth bar of soap, wrapped neatly in a white handkerchief and tucked safely in the breast pocket of a faded leather jacket, is all that keeps George from losing himself to the streets. When he wakes each morning from his makeshift bed of newspapers in the subway tunnels of Philadelphia, he heads for the rest room of a nearby bus station or McDonald's and begins an elaborate ritual of washing off the dirt and smells of homelessness: first the hands and forearms, then the face and neck and finally the fingernails and teeth. Twice a week he takes...
George had $64 tucked in his pocket on the evening he was beaten senseless in an alley near the Continental Trailways station. "Those damn chumps," he says, gritting his teeth, "took every goddam penny. I'm gonna kill 'em." Violence is a constant threat to the homeless. It's only a matter of time before newcomers are beaten, robbed or raped. The young prey on the old, the big on the small, and groups attack lonely individuals in the back alleys and subway tunnels. After it's over, there is no one to tell about the pain, nothing...
...soup kitchens, preferring to panhandle for a meal: "I don't like to be around those people. It makes you feel like some sort of crazy. Before you know it, you're one of them." He keeps a tear in the left seam of his pants, just below the pocket; when he panhandles among commuters, he tells them that his subway fare fell out of his pants. When that fails, he wanders past fast-food outlets, waiting for a large group eating near the door to get up and leave. Then he snatches the remaining food off the table...
...past year the strategic positions of the two sides have remained relatively static. In last week's battle, however, the Iranians managed not only to hold their newly won pocket of territory but even to launch a second assault in the central sector to the east of the Iraqi capital of Baghdad. On Christmas Day the Iraqis turned back an Iranian assault in the southern region, killing an estimated 15,000 Iranians but losing perhaps 5,000 of their own soldiers in the process. This time the Iraqis seemed to be having trouble holding back the invading forces...