Word: unpaid
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What happened was that Atlanta simply became overbuilt. New buildings failed to fill up, and high-cost real estate loans went unpaid. Late in 1976 the huge Colony Square commercial-residential redevelopment went bankrupt; last August Lance's National Bank of Georgia skipped a dividend. That same month, C & S cut its own quarterly dividend from 13? a share to 6?. In January it omitted the dividend for the first time since 1906, an alarming step for a bank of its stature. Then the Comptroller of the Currency ruled that even the slim profits C & S had reported...
Other video opportunities are even more limited. If you can find an amenable professor at M I T you may cross-register there for a course in video. You can compete for one of the limited number of unpaid TV internships at one of the stations in Boston and petition for independent study credit for it. If you live in Somerville, you can take workshops at Warner Cable TV and use its battered public access equipment...
Truck Driver Calvin Knapp ran a write-in, word-of-mouth campaign last November for the unpaid job of constable of Michigan's Novi township. He won, but the satisfaction of victory was tempered by a $300 fine for having failed to form the proper committees and to file the right reports. Dave Darsky, who ran a losing race for the Berkley school board, contends that his sole campaign expense was maybe "a little extra dog food" for his poodle Abner, who wore a sandwich board proclaiming VOTE FOR DARSKY. HE'LL WORK LIKE A DOG FOR YOUR...
...more wily protester is Oakland University Political Scientist Lawrence Farley, who won an unpaid position on a local charter advisory commission. Honoring the letter of the law, Farley filed reports on "The Nameless Non-Committee for a Non-Candidate for a Non-Existing Advisory Commission." Total campaign expenses: one 130 stamp to mail the form...
...Africa, China and the Soviet Union. The bulk of the largesse, however, comes from France, which obligingly covers the C.A.E.'s deficits. Like an indulgent parent with a wastrel son, French President Valery Giscard d'Estaing quietly passed the word that Paris would arrange compensation for all unpaid expenses. As the Emperor once put it, "Everything here was financed by the French government. We ask the French for money, get it and waste it." How true...