Word: spinning
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Dates: during 1970-1979
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...York's Citicorp, which already has 20% of the traveler's check market, plans to sell its Citibank checks through Carte Blanche. Citicorp bought Carte Blanche in the early 1960s, but was forced to spin it off when the Justice Department objected on antitrust grounds. A federal judge has approved Citicorp's plan to buy back Carte Blanche, and the trustbusters are not likely to block the reunion. Partly because of rising competition from bank-issued cards, Carte Blanche has fared poorly and could well use Citicorp's muscle...
...still, in the minds of many, the enfant terrible of French letters whose precocious first novel, Bonjour Tristesse (1954), was so successful that it enabled her to adopt a reckless life-style of expensive fast cars, gambling and good whisky. True, true. But Sagan has also found time to spin off twelve more novels and nine plays. Her latest dramatic effort, scheduled for a Paris opening in the autumn, is called It's Nice Day and Night and is laced with familiar themes: an adulterous affair, alienation, the triumph of good over evil. Of course, work demands some reward...
There is plenty of blame to be shared in this three-ring tax fiasco. The White House staff blames Ways and Means Chairman Al Ullman for letting his committee spin out of control and Treasury Secretary W. Michael Blumenthal for ineffective and halfhearted lobbying. The Treasury Department blames Ullman for bending meekly with shifting political breezes and the White House staff for not paying attention to the changes in committee sentiment. Ullman mostly blames the White House staff and the President. "Carter has a singular view of things and says he always wants the ideal and the ultimate," complains Ullman...
...willing to argue with that post-Waterloo appreciation-not in Britain, where gambling of every variety is not so much diversion as obsession. From the dowdy bingo parlors of Clapham Junction to the nobby casinos of Mayfair, the British now spin the wheels of chance to the rhythm of $15 billion a year. The main reason for the boom is clear to all: Britain is the most liberal gambling society in the world...
...often the dialogue of great historic forces is skewed by the spin of the initial conversation-and the dialogue of the American Democracy and Chinese Communism was thus skewed by their first official contact. The spokesman of China was Mao Tse-tung; the spokesman of America was Major General Patrick Hurley. Mao was a genius, Hurley was an ignoramus, and Hurley's arrival in Yenan during that first week in November 1944, to begin American negotiations with Chinese Communists, is a classic instance of the derailment of history by accident...