Word: traded
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Dates: during 1960-1969
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Despite its continuing evolution, organized crime follows certain basic patterns that vary little. It must buy or force freedom from the law and from accepted rules of commerce. It must milk gambling, the narcotics trade, industrial relations and usury. It must find outlets for its accumulated profits. These are its main forms of activity...
...NARCOTICS TRAFFIC, chiefly in heroin, is less lucrative than gambling, but still profitable enough, bringing in more than $350 million in revenue and $25 million in profits. Because of the risks involved in peddling drugs directly, Cosa Nostra once again contracts the retail trade to its sharecroppers, saving for itself the less dangerous and infinitely more profitable role of importer and wholesaler. The sums involved are substantial. By the time opium from Turkey, the chief supplier for the U.S., is processed into heroin and shipped to New York, it is worth about $225,000 per kilogram. The price to society...
...season will not be new -TV seasons never are-but it will be different. The western, for example, is expiring like a perforated cowpoke, shot down to a mere five by critics of TV violence. Situation comedies-"sitch-coms," in the jargon of the trade-are up to 25, three more than last year. Adventure shows, in which journalists, lawyers or spies match wits and gimmicks, will shrink to 16, v. 18 last year...
Even so, at the last count by the New York Stock Exchange in June, about $2.18 billion worth of stock was involved in failures to deliver within the required five days after each trade. Most of the snags involve over-the-counter shares, delivery of which is hampered by the lack of a clearinghouse outside New York City. Because of such jams, 18 member firms are operating under exchange-imposed restrictions. These variously mean that the firms cannot accept new accounts, cannot advertise, or must limit the number of trades per day. Since last December, the exchange has also required...
...sent freight rates soaring. Later, in the wake of the 1956 Suez crisis, the Greeks were among the first to order supertankers, which cut costs on the long trip around the Cape. The investment has paid handsomely, and the shipowners have also benefited from the general expansion in world trade...