Word: squandermania
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...timber-based economy fell victim to dry rot. Crowds of New Class labor union members, with the aid of the army, politically defrocked him last August. A similar fate befell Dahomey's President Hubert Maga, who built himself a $3,000,000 palace and shrugged off charges of "squandermania" until his countrymen last December gave him the boot...
...Squandermania. It was the latest in a series of coups that have shaken Africa's new nations, including Dahomey's neighbor, Togo, where President Sylvanus Olympic was assassinated last January, and the former French Congo, whose President Fulbert Youlou was deposed in August (the ex-Belgian Congo also witnessed a near-coup three weeks ago). Plots have been uncovered in Senegal, Chad and the Ivory Coast...
Rothermere quickly became outraged by the Mirror's sex and sensation, changed its style. He set the Mirror out on a dull and endless campaign against national "Squandermania," tried to capture readers with a series of giveaways and contests. "In a decade of brashness," says Historian Cudlipp, "the Mirror offered gentility." Rothermere also made some wrong guesses in politics, spoke kindly of Hitler, Mussolini, and even of Britain's home-grown Fascist Oswald Mosley. Gradually the paper lost readers, and in 1931 Rothermere finally stepped out, selling his shares on the open market. The Mirror was swiftly transformed...
...empty committee room, ex-Congressman Fish played one of his old records with a new needle: "New Deal squandermania. . . . We are throwing . . . the Treasury wide open to foreign countries." He suggested that if the $3,750,000,000 must be spent, it be used to buy Britain's islands off North America as a buffer against Soviet aggression...
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