Word: riche
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Dates: during 1980-1989
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After 25 years in business in Harvard Square, I wrote Proposition 1-2-3 because it didn't seem fair to me that rich white couples can buy a house from me off Brattle Street, but a poor man can't buy his own apartment on Bristol Street. And a needy couple can't buy their apartment on Broadway...
...poor have a built-in defense against runaway crack abuse: they run out of money. The rich have the same limit; it just takes longer to get there. Stories abound of well-heeled users smoking their way through trust funds, savings accounts and charge-card credit lines. Some take out second mortgages and go on to sell jewelry and household items like TVs, VCRs and answering machines...
Having bought their way into addiction, affluent users often try to buy their way out. They can pick and choose from a long menu of treatments, from acupuncture to cocaine-blocking medications like imipramine and desipramine, but there are no quick fixes. In the end, all crack addicts, rich or poor, must put themselves back on their own feet -- a slow process that calls for professional counseling, steady support from family and friends, fearless self-examination and not a little pain...
...Jeffrey Sachs, the glaring gap between rich and poor in Latin America is a major cause of the debt crisis that has racked the region. The boyish Harvard & economist, an adviser to debt-ridden countries from Bolivia to Poland, blames wealthy Latin elites for dodging taxes and arranging self-serving subsidies that have "sucked the blood" from many governments, forcing them to borrow heavily...
...Rich and poor live in different worlds. Unless government leaders can carry out reforms, their economies face financial disaster. -- Andrew Tobias on buying a car. -- The battle over Guber and Peters...