Word: spend
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Dates: during 1960-1969
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When John F. Kennedy became President, it was disclosed that his personal holdings under the family trust funds were $10 million. The $500,000 gross gave him, after taxes, slightly over $100,000 a year to spend. Like the Boston Yankees from whom he learned so much, Joe Kennedy, in creating the trusts for his children, took precautions, stipulating that control over the principal should pass at stated age intervals. Before his death, the President, on his 45th birthday, had received one-half of the principal held in trust for him, with the remaining half under the discretionary control...
...children's ambitions, was its concentration and independence. He had no firm or board of directors to whom he owed an accounting. Awed associates watched as he closed business deals by writing checks totaling millions of dollars. Now the managers and trustees are bound to spend money cautiously. The interests of grandchildren must be protected. It will not be so easy to plow millions into a particular political cause...
According to present plans, the two sides will spend another week or so testing intentions in Helsinki before each team goes home for a thorough appraisal of the outlook for possible agreement. If it is bright enough-and other outside factors do not intrude-the two sides intend to reconvene in January, probably in Vienna or Geneva...
...Constant Prince (TIME, Oct. 24) were Akropolis and Apocalypsis cum Figuris. Akropolis contains a staggering irony in its title, for it is actually about Auschwitz. The title is an implicit judgment on a civilization that plummets from its zenith to its lowest depths. The inmates of the death camp spend most of the evening dumping each other in and out of wheelbarrows, piecing together homely sections of stovepipe and finally, one by one, entering a crematorium. The playgoer's knowledge that the pipes that the members of the cast have strung about the stage will channel the smoke...
...increasing clamor about the cost of welfare, and many politicians are listening. In New York City, welfare benefits were cut back by the state legislature an average of 8.5% in July. One welfare rights organization figures that a typical welfare recipient now has only 66? a day to spend on food; in Harlem, it costs almost that much to buy a quart of milk and a loaf of bread...