Word: senior
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Dates: during 1980-1989
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...there is still a deep-seated reluctance to take drastic measures. Briefing reporters after a Paris conclave on money laundering last September, a senior U.S. official declared that global efforts to trace drug money will have to be balanced against the freedom from unnecessary red tape. Too many controls, he declared, could "constipate" the financial exchanges. That is the kind of attitude that has brought the system to its current state, in which drug money freely mingles with the life force of the world economy, like a virus in the bloodstream...
Rising home prices may not pay for Junior's education or Senior's retirement. Some real money may need to be set aside as well...
Welcome to the Senior Professional Baseball Association, where the crack of the bat meets the creak of the bone. Founded this year by Arizona real estate developer Jim Morley, the S.P.B.A. is into its first three-month season, fielding eight Florida teams of ex-major leaguers 35 or older (catchers may be 32). Most of the superstars are missing: Reggie Jackson is occupied with his classic autos, Jim Palmer with his underwear, Pete Rose with hawking his tarnished name. But enough good ole boys of summer are participating to help ease the winter of discontent every baseball addict endures between...
They will also be tapping the deep font of goodwill toward aging sports idols. The American male wants to keep seeing athletes do what they once did best. In golf, the senior circuit earns more money than the entire women's tour. Former tennis aces draw big crowds in their own slots at the major tournaments. Boxing, aside from Mike Tyson's bum-of-the-month festival, is one big Over the Hill Gang. Last week's waltz between Sugar Ray Leonard, 33, and Roberto Duran, 38, was the top-grossing fight in history. Next month George Foreman, now bigger...
Well, maybe not big Senior Baseball business. The eight S.P.B.A. owners, each of whom staked a reported $850,000 for the first season, are not expecting quick profits. With some games attracting as few as 100 paying customers, a team or two may fold before the scheduled February play-offs. The players, whose salaries average $23,000, won't get rich either. But what they want is to prove, to themselves and others, that there is life after Fan Appreciation Day. "Hell," says ex-Yankee Graig Nettles in the S.P.B.A. yearbook, "if I can stay in baseball, I may never...