Word: pools
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Dates: during 1960-1969
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...author, he could not resist the rare opportunity of writing himself into a story. The first thing that struck him during several days of research in Las Vegas was the lavishness of the accommodations. Checking into a motel with his wife Patsy, he was offered a room with a pool. "They actually meant a room with a pool in it," reports Kennedy. "I knew then that I was in some other way of life. This was not at all like Cincinnati. I told them that a shower would...
...some boys, the new rule smacked of dirty pool, while others have made the best of the matter, have taken up the caps. For most parents, however, the regulation has provided an unexpected bonanza. "It's a blessing," says one happy suburban Washington mother. "My boy tried out a cap and then decided to cut his hair...
...Banking Corp., and Düsseldorf's Commerzbank. As an offspring of the rich (the five banks control resources totaling $18.8 billion), I.C.B. will start life with $8,800,000 capital plus another $16.4 million in loans from its parents. For deposits, it counts on tapping the volatile pool of Eurodollars -U.S. funds held in European hands -which has swelled from nothing to close to $13 billion over the past decade to become a major new force in international finance...
Spinning the Basket. The way a typical consorcio works: 80 or so would-be buyers get together, pool enough money each month to buy two cars. The group gathers at an auto showroom, where some lucky member gets one of the cars by the spin of a bingo-style basket. For him, the effect is much the same as if he had made an installment plan purchase: he takes possession of the car right away, goes on making payments into the consorcio each month thereafter...
...second car is then auctioned off to another consorciado, with the proceeds from his highest cash bid going into the group pool. He, too, continues making the regular monthly payments, except that these are reduced slightly to make up for the additional cash that he has had to pay out in the auction...