Word: cashing
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Dates: during 1980-1980
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...problem. Carter wondered a bit about the advice but put a paragraph about credit cards in his speech. The response from the public was beyond anything predicted. Some people mailed their cards to the White House, others ground them up, and a lot of folks began buying with cash. Carter's gut had been right...
...prison, Jacobson quietly began selling some of his real estate, reportedly raising as much as $850,000 in cash. The Bronx district attorney heard of Jacobson's dealings and warned the Brooklyn prison, in vain, to keep a close watch on him. One of Jacobson's deals had been with DeRosa, who had bought a Vermont ski lodge from the former horse trainer in 1977. DeRosa, however, had fallen behind in his payments, and now it might have come time for Jacobson to ask for a favor. Police speculate that DeRosa, attaché case in hand, brought...
...reorganization, though, was to get Charter into shape for more oil acquisitions. In 1979 he bought Carey Energy Corp., which was mired in lawsuits and $485 million in debt, from Edward Carey, the brother of New York Governor Hugh Carey. The deal cost Charter only $4 million in cash and pushed it into the ranks of the top 20 oil companies. Last year it accounted for more than 80% of the firm's profit...
Bucks, folding money, bread-whatever you call it, cash is making a comeback. Like a reformed smoker finishing his last pack; American consumers are putting away the plastic. Many stores now provide cash discounts, and the Government is worried about shortages of coins and currency...
Alarmed by the decline in charge purchases, some retailers, such as Sears, are urging their credit customers to come back and spend. But many others are offering discounts for purchases made with old-fashioned folding money. At Pure Gold, a jewelry boutique in Atlanta, the response to a 10% cash discount has been "terrific," according to a saleswoman. Last week the House of Representatives gave further encouragement to the trend by voting to lift cash-discount restrictions. At present some states limit to 5% the discounts offered as incentives for payment in cash...