Word: selling
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Dates: during 1980-1989
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...number is regularly aired on television, the numbers runners are saved the trouble of calculating a winning number of their own and communicating it to their clients. But why should anybody break the law to bet money that could just as easily be wagered legally? Well, the numbers operators sell tickets for as little as 25 cents, in contrast to $1 for state lottery tickets, and the illegal game offers better odds. In general, odds in the state lotteries are the worst of any type of gambling. Atlantic City casinos, for example, are required by New Jersey law to return...
Some experts credit modern technology with contributing to the gambling surge. Computers have made possible the instantaneous distribution of odds on any kind of race or ball game anywhere in the country; bettors can watch the performance of the horses or teams they follow on cable television. Lotteries sell tickets through player-activated computer terminals; churches and charities offer computerized bingo readers. "The new technology makes gambling much more accessible, and it speeds everything up," says Richard Rosenthal, a Beverly Hills psychoanalyst who specializes in treating compulsive gamblers. "It makes gambling much more addictive...
...mortgage each month." In New York he would borrow $30,000 to $50,000 a week and lose about 80% of it over a weekend. "Then I'd steal," he says. Sometimes he would pilfer racks of dresses off the streets in Manhattan's garment district and sell them in a back alley. He adds, "There's plenty of times I've taken a gun and held up people -- and I'm a white-collar person." Fleeing to California to escape bill collectors, he started a successful garment business in Los Angeles but continued betting beyond his means; eventually...
...example, he has adamantly refused to sell off the University's portfolio of stocks in companies that do business in South Africa--which now totals $168 million--despite widespread student demands...
...weaponry -- to test techniques for monitoring Moscow's compliance with the proposed START accord -- take place even before any such treaty is completed. Secretary of State James Baker defended the proposal, contending that an early understanding on verification might make an arms-reduction pact with the Soviets easier to sell to Congress...