Word: racket
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Dates: during 1940-1949
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...Lexington Avenue, made business trips to Montreal to buy liquor from Canadian and European exporters, took enormous risks and made enormous profits. He also kept himself so shadowy and unobtrusive a figure that when U.S. Attorney Emory Buckner made a desperate but unsuccessful effort to smash the liquor racket, Costello was erroneously charged with being an accomplice rather than a competitor of Rum King Big Bill Dwyer...
Next night, as their 90-match tour began before 13,357 fans in Madison Square Garden, Pancho got his first workout as a pro. He rocked back and let go with his big weapon-a hard, high-twisting serve. Kramer, tense and continually wiping the palm of his racket hand between shots, fired Pancho's big serves right back and won the opening game. Then Pancho broke Kramer's equally big and more accurate serve...
...Abatements Racket...
During Curley's term, however, there existed an "abatements racket," whereby certain property owners were given rebates on their assessment by dubious re-evaluations. If a landlord wishes to get an abatement on his assessment in Boston, he applies to the City Assessor's office and pays the fee demanded. Whether or not the abatement is granted, that fee is attached to the property owner's assessment from that year on; the money apparently goes directly to the Board of Assessors each year. That's one sources of excess intake in the Assessment Division. But, there is a further explicitly...
...present because it is but an indication of a municipal disease that has roots far deeper than the Curley inefficiencies. But he has estimated, nor promised, that he can save the city $1,500,000 yearly; this figure implies a city payroll deduction and the end of the abatements racket...