Word: underworld
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Provided that, of course, one has survived the Christmas journey into that country without having to exit through the underworld of dunning creditors, debt-consolidation loans and bankruptcy court. Over the past month or so, the morning mail has been reviving unmerry Yuletide recollections in millions of households, as the bills have cascaded in. From department stores for the toys, furs, watches, gowns, cameras, TV games bought with the "holiday money" that the stores sent out in November (how far away that "first payment not due till February" seemed then). From credit-card companies for the drinks so expansively signed...
They played their roles perfectly: dockland toughs, racketeers, underworld fixers. So completely did they work their way into the confidence of the Mafia-backed labor groups in the harbors that they ended up as bagmen, carrying payoff money back to the mob. Last week there was no mention of the actors when 400 subpoenas were served for two federal grand jury investigations of an extortion ring that has preyed on at least a dozen shipping companies in New York City and other Atlantic and Gulf ports. TIME has learned that the trusted men who worked so closely with the Mafia...
...plus $180,000 for the plane and other transportation costs). Galente has long wanted to re-establish the New York mob in the narcotics trade. Since the death of Carlo Gambino last fall, he has been struggling with another mobster, Aniello Dellacroce, for control of the New York underworld (TIME, Nov. 1). The plane's loss can hardly help Galente's leadership bid. Meanwhile, the feds can add a big new airplane to their fleet, which now totals 68; all but eleven were seized from high-flying smugglers...
Died. Paul John ("Frankie") Carbo, 72, once the underworld's "commissioner of boxing"; of heart disease; in Miami Beach. Born on New York City's Lower East Side, Carbo graduated from a reformatory to become a hoodlum and reputed hit man for Murder Inc. During boxing's unsavory heyday, Carbo was a racketeer and strongman, forcing managers to fix fights. He was sent to jail for 25 years in 1961 for conspiracy and extortion, but was paroled this year because of failing health...
...Japanese politics, a man with close ties to conservative elements of the Japanese ruling party, an unsavory figure who had served three years in Sugamo prison at the end of World War II as a suspected class A war criminal, an individual with known ties to the Japanese underworld. For his services in promoting the Tristar sale, as well as for other services rendered, Kodoma received from Lockheed approximately $7 million. The disposition of these funds as of this date is not yet known...