Word: sprees
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...fuss about the lotteries is only one sign that the U.S. is on a gambling spree; gambling expenditures may have doubled in the past decade. Las Vegas, with its bargain-basement prices for rooms and floor shows and its free round-trip air fares for well-heeled customers, is now getting competition from oases in the Bahamas and Puerto Rico. The numbers racket (estimated total revenue: $1.5 billion) was once known as "the black man's stock market"; now it is moving all over town. Perhaps the fastest-growing action is betting on sporting events (estimated total: $2.2 billion...
...stepped out at a time of unprecedented strife on the nation's largest Negro campus (enrollment: 11,000, about 12% white). Though Nabrit a generation ago was a pioneering court room lawyer in the civil rights movement, he found himself branded a reactionary last spring when a spree of black-power incidents struck his campus. Militant pacifists booed Selective Service Director Lewis B. Hershey off a stage, burned Nabrit and Hershey in effigy, boycotted classes...
...done about government spending. Over the years, when rapid economic growth promised to produce enough cash to meet almost any demand on the federal treasury, Germany built up an ever more costly welfare system, propped up its inefficient agriculture and high-cost coal mines with vast subsidies. That spending spree, matched by consumers and fueled by galloping wage increases, kept prices moving steeply upward. When the alarmed Bundesbank stepped in with sharply higher interest rates, bank credit became so scarce and expensive that industrial expansion fell sharply, and some cautious manufacturers began shortening their work week. The ensuing downturn helped...
...sobriety of reunions, say school officials, reflects the nation's changing attitudes toward education: the gentleman songster on a four-year spree has long since given way to the serious student who regards college as the intellectual opportunity of a lifetime. By and large, faculty and administrators are delighted by the seriousness of their alumni. Professors regard reunion lectures as a chance to try out new ideas on a captive, eager audience. And experience has convinced school officials that instilling old grads with ideas rather than iced martinis is a far more effective way of developing pride...
After the Spree. Businessmen had plenty of explanations for the new signs of strain, none of them comforting to would-be borrowers. Many companies, having spent so much to keep up with the economic spree of the past six years, were borrowing to replenish their coffers or pay off short-term bank loans. Says Donald C. Miller, vice president of Continental Illinois Bank & Trust Co.: "The difficulties of the money panic last fall are still so real that companies do not want to go through that again." Guy E. Noyes, senior vice president of Manhattan's Morgan Guaranty Trust...