Word: riche
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Dates: during 1970-1979
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Last week in New York, Connally turned his expansive approach to foreign trade. Government and business must be more aggressive, he said, and must send a new breed of technological "Yankee traders" to exploit rich Asian markets. Most notably, like Democratic Presidential Aspirant Jerry Brown, Connally advocated a North American common market. "This economic union would be a formidable trading bloc," he said. Here too there are problems. Mexico has already denounced the idea as little more than latter-day Yankee imperialism designed to capture Mexican oil. It is also, according to one prominent businessman, ''hideously complex...
Restic doesn't concede anything, however. He has St. John, now the Ivy League's leading passer, growing more experienced each week. And on the receiving end will be Rich Horner, the split end who has more than twice as many catches and twice as many yards as any other Ivy target...
Bernard W. Rich Clearwater...
Signs of impending disaster had appeared all through 1928 and 1929. The speculative fever of the Roaring Twenties had infected rich and poor alike, and vast numbers of people were dangerously overextended. Credit was absurdly easy to obtain, and most brokerages required only 10% cash for stocks bought on "margin...
That is, one could buy $10,000 worth of stock with just $1,000. Many thousands did, lured into the market by boosters like John J. Raskob, the stenographer turned entrepreneur who built the Empire State Building. "Everyone ought to be rich," he wrote in an exuberant Ladies' Home Journal article; anyone who could invest $15 a month, he declared, could eventually reap a profit of $80,000. A Harvard behavioral psychologist named John Watson even found therapeutic value in speculation. "Sex has become so free and abundant," he theorized, "that it no longer provides the thrill it once...