Word: underworldly
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Dates: during 1960-1969
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...gang's woes, the criminal underworld was less than patient with such a crime-especially when Scotland Yard began systematically raiding their haunts in a search for the paintings. Two days after the theft, a tip from the underworld brought police to an apartment where two Rembrandts and a Rubens were found under a bed. Another phone call-police theorize that this one was from the distressed gang itself-led them to a park, where they found the other paintings wrapped in newspaper under a holly bush...
Schelling believes that "a good many economic and business principles that operate in the 'upper-world' must, with suitable modification for change in environment, operate in the underworld as well." Indeed, there is a distinct "typology of underworld business." One major group is black markets, which sell "commodities and services contrary to law," such as dope, abortions and-through scalpers-New York theater tickets. A second is racketeering, which includes extortion and other businesses "based on intimidation...
Infra-Structure. Like legitimate business, the underworld has its basic, or "core," industries. "In economic-development terms," says Schelling, "black markets may provide the central core (or 'infra-structure') of underworld business, capable of branching out into other lines." The underworld economy probably grew out of the Prohibition-era bootleg liquor industry, which "may have put underworld business in the U.S. in what economic developers call the 'takeoff' into self-sustained growth...
...Schelling, professor of Economics, at the Association for the Advancement of Science's recent annual meeting, are printed below. These sections, constituting about a third of the entire paper, are his introduction and his concluding remarks. Intervening sections dealt with market organization, incentives, and various other practices of underworld crime...
Through a One-Way Window. Some critics have said Bacon only paints his own despair. "I'm a drifter," admits Bacon, who confesses to living in a hazy homosexual underworld. But, he continues, "I have seen the despair of so many people, whether they are young or old, and it doesn't appear to be much different whether they are homosexual or heterosexual. It's possible that loneliness haunts homosexual people more, especially toward old age." If so, Bacon, now 57, bends his despair to the manner...