Word: hot
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Dates: during 1980-1989
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Louis-Dreyfus has no background in advertising but has earned a hot reputation as a financial whiz. His chief accomplishment is the brisk turnaround of IMS. The company, capitalized at $232 million when Louis-Dreyfus took over in 1982, was sold to Dun & Bradstreet last year for $1.7 billion...
...havens to shuffle assets with alacrity. The very institutions that could do the most to stop money laundering have the least incentive to do so. According to police and launderers, the basic fee for recycling money of dubious origin is 4%, while the rate for drug cash and other hot money...
...cash is in transit pains a drug dealer as much as it would a corporate financial officer. And since narcotraffickers see America as a safe and profitable haven for their assets, they often launder and invest their cash in the U.S. The first and trickiest step is depositing the hot cash in a U.S. financial institution. Reason: the IRS requires all banks to file Currency Transaction Reports for deposits of $10,000 or more. During the early 1980s, launderers got around this scrutiny by employing couriers called Smurfs, named for the restless cartoon characters, who would fan out and make...
Those at the top, euphemistically called the "upper-middle class," have worries that the economically marginal would consider luxuries: How to get the kids into "hot" colleges, whether to drink Tanqueray or Bombay with your Schweppes, how to dispose of your salary on the things that best demonstrate your good taste. These people are better described as "Winners...
...coat is heavy, the white whiskers hot. But, "no child should see Santa without his whiskers," this idealistic Mr. Claus says...