Word: spend
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Dates: during 1960-1960
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Below the Battery. By his own account, the secret of McGuire's success lies in taking an average of three players a year down to Abbey from the rich basketball territory of far-off New York. "I can't spend but about $100 recruiting," says McGuire. "So when I go home summers I blow the whole hundred on lunches. I never even try to get a boy who's all-city or anything like that. I look for good boys on bad teams. I like to get boys from poor families, or maybe boys...
Peace and calm is no way to raise a child to fame and fortune. A home should rock with passion, roll with turbulence, all of it caused by a violently opinionated father who in his own time is a failure. His awed and admiring son will then spend a creative life avenging father...
...with only $250,000 to spend on Christmas presents this year, there is a store dedicated to providing a wide selection of worldly goods tailored to his budget: Neiman-Marcus of Texas. There he may very well be waited on by the saturnine president of the company, Stanley Marcus, 55, who scours the world looking for unique, elegant and off-beat items-and likes to sell them himself. This Christmas, for the well-heeled customer, he has a matched pair of Beechcraft airplanes neatly emblazoned "His" and "Hers" for $176,000, an espresso coffee-making machine...
...retired people-at a profit. Prices will start at $8,000 to buy a living room-bedroom apartment, plus a $112.50-per-person monthly charge for meals and maintenance. The builders of Rockledge are so enthusiastic about the vast new market to house the elderly that they plan to spend another $87.5 million to build similar projects in 14 other states...
Companies use their foreign profits, plus depreciation funds stored up abroad and local borrowing, to finance most of their expansion abroad, thus do not further aggravate the dollar drain. General Motors, which will spend abroad 25% of the $1.25 billion it has set aside for expansion next year, calculates that not more than 10% of its total overseas investment represents dollars that actually went abroad. Says Gene Leonard, managing director of G.M.'s plant in Bienne, Switzerland: "We send currency back to the U.S. instead of draining American reserves. American companies spend as little as they can from their...