Word: scrimped
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Dates: during 1960-1969
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Descendant of a well-to-do colonial Maryland family, Shriver does not consider himself wealthy, though he hardly has to scrimp. He rents a 30-acre estate in Rockville, Md., called "Timberlawn," just bought a house near the Kennedy summer compound in Hyannis Port for something under $200,000. As OEO director he earns $30,000, insists on better-than-average salaries for his staff- 23 top aides make more than $20,000, 40 others earn $15,000 or more. Though this has led to cracks about the "sweet smell of poverty," Shriver reasons that it takes good money...
Outside of Britain, Europe has no tradition of a free capital market. Its many family-held enterprises have long preferred to scrimp to finance expansion out of profits rather than to float stock issues that might bring in outsiders. Many of today's rigid controls are a heritage of the desperate need of postwar European governments to ration every asset. Now that more capital is available, most of it is soaked up by expensive government welfare programs. Little risk capital comes from wage earners, who are still wary of risking their savings on the Continental bourses...
...clear that "Alt Heidelberg" had risen again. Scholarship, if short of the great years, is high. And amid West Germany's smiling new prosperity, the old Lebenslust was back in style. Though most of the 9,000 students, a fourth of them girls, still have to scrimp, a golden fringe whipped along the Hauptstrasse in costly Porsches and red M.G.s. Some 20% sported the bright visored caps of 30 student societies, including the famed dueling and drinking fraternities...