Word: spendthrift
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Dates: during 1970-1979
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...conversation-especially if their views did not agree with her own. She even upbraided Charles de Gaulle, when the general testily said that the French fleet would like to attack the British as well as the Germans. Nor was Winston spared her temper. Once after a battle over his spendthrift habits, she hurled a dish of spinach at his head. She missed...
Lately the word liberal has become something of a political epithet, meaning that the target is an impractical spendthrift. Kennedy's staff has taken to calling him a "pragmatist," which is supposed to convey the impression that he is a hard-headed problem solver not bound by any ideology. That definition, too, can be read in more than one way. Says an old Kennedy friend, conservative Republican Congressman Barber Conable of New York: "Ted is the son of Joe Kennedy and the brother of Jack and Bobby. Like them, he accommodates himself to the prevailing views...
Winning sires are also more productive now than in the past. Brownell Combs II of Spendthrift Farm, one of the largest commercial breeders in the world, says: "Stallions now 'cover' around 40 to 45 mares, whereas 30 years ago, they would only service 30 or so." Another possible reason for the recent rise of so many champions may be simply a siphoning off of quality competition. A total of $118 million worth of horses and syndication rights were auctioned by Kentucky's Keeneland Association last year, and $24,668,933 was spent by foreign buyers. Admits Keeneland President Ted Bassett...
...risk of overdramatization," Auletta cites 21 "original sins" which the city, state and federal governments committed. In addition to rather prosaic "sins" like the growth of the suburbs and high taxes, Auletta reveals financial shenanigans that politicians and bankers employed to allow the city to continue its spendthrift ways. His discussion of the Nelson Rockefeller championing of moral obligation bonds clearly explains how an irresponsible procedure, responsibly put forth, grew into common practice. Moral obligation bonds, designed by then little-known bond lawyer John Mitchell, allowed the state to sell bonds to the public without voter approval, as had previously...
...require the legislature to set aside 5% of each year's tax revenues for a reserve against debt. Proponents call the reserve, which would amount to about $63 million this year, a rainy-day fund, while opponents regard it as a slush fund that could be used by spendthrift legislators to underwrite pork-barrel public works projects. The proposition's chances are rated as a tossup...