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...impulse may be part of the furless human condition. Actual buying depends on money (full payment before the coat leaves the premises), trust (as in "If Mike says it's good, it is good"), a certain amount of pro forma chat about male vs. female skins and "this year's shoulders." But when the right coat is produced the transformation of the female customer is immediate and complete. A woman who does not achieve incandescence is wearing the wrong coat-or is just spoiled...

Author: /time Magazine | Title: In Manhattan: Mink Is No Four-Letter Word | 2/18/1980 | See Source »

...Camden seaport and might like to open a casino in Atlantic City as well. Television cameras put the scenes on tape as the mayor said he could help the sheik with his investments-for a fee of $400,000. Errichetti accepted $25,000 in cash as a down payment for his services, according to Government sources. To get a casino license, Errichetti said, Kenneth MacDonald, vice chairman of the Casino Control Commission, would need $100,000. When Errichetti and MacDonald later visited the Abdul Enterprises office on Long Island, the two officials picked up a payment...

Author: /time Magazine | Title: The FBI Stings Congress | 2/18/1980 | See Source »

...MacArthur, it was against regulations for U.S. officers to receive payment from foreign governments, but the rule could be waived for special advisers like MacArthur if the War Department approved. Petillo found evidence that both President Roosevelt and Secretary of War Henry Stimson knew of Quezon's large payment to MacArthur and did nothing about it. MacArthur's eloquent communiques from embattled Corregidor had made him a national hero. Said Petillo: "We needed a hero...

Author: /time Magazine | Title: HISTORICAL NOTE: Mystery Money | 2/11/1980 | See Source »

...main hurdle to reducing federal spending has become the nature of the budget itself. Most federal spending is now off limits to even the sharpest accountant's pencils. So-called uncontrollable budget items, such as Social Security, Medicare and payment of interest on the national debt, gobble up an increasing share of federal money. Many of these are entitlement programs for which Congress has passed laws establishing the level of benefits that each person receives. Indexing social programs so that recipients will not feel the pinch of inflation has made them still more expensive. In a maddening vicious circle...

Author: /time Magazine | Title: Business: A Budget of Two Big Rises | 2/4/1980 | See Source »

...burn away alloys. Before the dealers are paid, they must wait until the metal is melted down, assayed, and formed into bars by the refiners. In the mean time, dealers take bank loans to finance their inventories. But what used to be a wait of a few weeks for payment has been lengthening to four or five months as the smelters dig out from under growing backlogs. One Manhattan dealer bought so much silver and gold, and will now have to wait so long for payment, that he has been forced to negotiate an emergency line of credit to tide...

Author: /time Magazine | Title: Business: To the Melting Pot | 2/4/1980 | See Source »

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