Word: sellers
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...novel Less Than Zero, a not-very-tender account of the empty-eyed, drug-drenched L.A. teen-party scene, and along the way he acquired a reputation as a pretty hard-partying hombre himself. In 1991 he became notorious all over again for American Psycho, a semipornographic, ultraviolent best seller about an investment banker turned serial killer, which he successfully--and with some validity--passed off as an indictment of 1980s Manhattan greedhead culture...
...White Supremacist?", Lerone Bennett Jr. presented a Lincoln who often told racist jokes and who, well into his presidency, urged that freed blacks should leave the U.S. for another continent. Three decades later, Bennett returned to the theme in his book Forced into Glory, which became a best seller in black-interest bookstores...
...profitable to preach real estate investing than to practice it. The pioneers were Robert G. Allen, 37, and Albert Lowry, 58, who wrote rival best-selling books on the subject during the 1970s and early 1980s. An updated edition of Allen's Nothing Down zoomed back onto the best-seller lists last year. Offering dozens of financing tactics, Allen and Lowry were soon so much in demand that they formed companies and hired dozens of disciples to go out and preach the gospel in their place...
...gurus aim their advice at neophyte investors who lack the 10% to 20% down payments required for conventional mortgages. The no-money-down advocates tell their students to look for so-called motivated sellers, people who are so desperate to unload their property that they will go along with a highly leveraged financing deal. One such scheme is what Allen calls the Second Mortgage Crank, in which the buyer of a $100,000 house persuades the seller to take out a new bank mortgage of $75,000. The no-money-down buyer then assumes that mortgage and gives the seller...
DIED. Rudolf Flesch, 75, unambiguous champion of plain English; of congestive heart failure; in Dobbs Ferry, N.Y. Vienna-born, he emigrated to the U.S. at 27 and wrote more than 20 books about language and learning, most notably the 1955 best seller Why Johnny Can't Read, which attacked the flash-card school of reading instruction and sparked a resurgence of the more traditional phonetic method of sounding out words syllable by syllable. A readability test devised by Flesch spurred a generation of journalists to write short, uncomplicated sentences but caused critics to complain that his tenets shackled richness...