Word: yorke
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Dates: during 1970-1979
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Schreiber keeps tight control over his agents in Frankfurt, New York, London, Hong Kong and Singapore, contacting his team almost instantly to find out who is buying, where and why. Such intelligence enables the bank to be extremely precise in its own actions. Says Schreiber: "Even after we submit written bids, we usually adjust them by a few cents via Telex right down to the deadline." At the U.S. Treasury auction last month, Dresdner's bid came in just high enough to win, and a Swiss competitor's offer failed by only 20? per oz. One clear moral...
That is not sufficient for New York Congressman Benjamin Rosenthal, chairman of a Government operations subcommittee, who believes the IRS report underestimated the size of the underground economy by $100 billion to $200 billion. He wants tougher auditing of tax returns, believing that only "fear" will force more people to declare their full income. At present, the IRS audits only 1.8 million individual returns a year, or about 2% of the total. Says the angry Congressman: "The people paying their taxes are being forced to subsidize the rest...
...Just 49 years after high-living Judge Joseph Force Crater was last seen stepping into a cab in Manhattan, somebody phoned New York City police that the missing man, declared legally dead in 1939, could be found having a drink at Pat's Emerald Pub in Queens. The breathless tip proved phony, of course, as do all 300 or so reports on Crater's whereabouts that the police receive each year...
...able to offset her disadvantage in size and strength. N.B.A. basketball is a man's game, a very rough man's game. The territory beneath the backboards is one of the most violent in sport. Said Sonny Werblin, president of Madison Square Garden, which owns the New York Knicks, on hearing of the signing: "It's disgraceful, a travesty." Others accused the faltering Pacers of signing Meyers solely for publicity. Said Seattle SuperSonics Owner Sam Schulman: "It's a stunt, like Bill Veeck signing a midget when he owned a baseball team." But for Ann Meyers...
...this sounds like the kind of smart-alecky prognostication one might hear on a slow night at Elaine's - well, it is. The celebrity-studded staff of last fall's hit parody Not the New York Times is back, this time with a send-up of tomorrow's news, The 80s: A Look Back at the Tumultuous Decade 1980-1989. Due out next month, the 288-page, large-format book (Workman Publishing; $14.95; paperback $6.95) offers a fantastical but not utterly implausible history of "hot years, cold years, big years, little years, sweet years, sour years...