Word: repossessed
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SHIPPER ARISTOTLE ONASSIS is in for more stormy weather. The U.S. Government is moving to repossess the 16 surplus tankers that Onassis bought from the U.S. and is suing for $20 million that it charges he made illegally on the deal...
...Angeles televiewers this week got a closeup look at some extremely fancy shenanigans: they watched two collection-agency men in a fascinating demonstration of the techniques of repossessing an automobile. The two approached four locked cars, and using burglars' tools and master keys, opened the doors. As the camera peered over their shoulders, they showed how to "hot wire" a car (i.e., bypass the ignition lock) to start the engine. Then they demonstrated another favorite gadget of "repo" men: an equalizer tube for quick inflation of tires in case delinquent owners have deliberately flattened tires to ward off repossession...
...dime from her husband since October. Rockefeller's lawyer promptly waved a $2,500 check, endorsed by Bobo, which he said she accepted as a "Christmas gift" to Winthrop Jr., 5, in December. Replied Bobo: even now, a cruel Man hattan merchant was trying to repossess her $100 vacuum cleaner. At week's end hostilities cooled as abruptly as they had flared up. The settlement, to which Bobo agreed "in principle," was handsome-and had plenty of principal: for Bobo, $2,000,000 cash, a $1,000,000 trust fund, plus either $70,000-a-year alimony...
There was a bright side, too. Credit Man William Murray of Chicago's Goldblatt Bros., Inc. department store, whose sales were off 20%, thought his business would actually be better because he would not have to repossess so many items. "Believe me," said he, "when a buyer has to put $100 down on a $400 item, he's going to make those payments." Furthermore, Murray, and many another retailer, thought that customers would be coming back again as soon as they got used to bigger installment payments...
After the Communist coup in Czechoslovakia, our Eastern European correspondent, Robert Low, got an urgent telegram from a United Press reporter who had sublet his apartment in Prague. It said that the landlady had canceled the lease and was threatening to repossess his furniture...