Word: bank
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Dates: during 1950-1959
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...crucial question for Africa: Will its nationalist explosions frighten away foreign investment capital? U.S. firms that cannot wait for all the returns to come in are answering the question with cautious optimism. In December, New York's First National City Bank, the nation's third largest, established its second branch south of the Sahara, in Johannesburg. The huge Chase Manhattan Bank has followed suit. Vice Chairman David Rockefeller, 43, just back from a five-week African tour, expects to open up other branches in South Africa. "After that, we will be thinking about moving into the Rhodesias...
...case in mind, Castro said. An official of his Ministry for the Recovery of Stolen Property-"someone that we know"-had accepted a bribe of $400,000 for unfreezing a frozen bank account of more than $900,000. "We are studying the case in order to execute him," said the Prime Minister. Next day one René Ray Rivero, an official of the Ministry for the Recovery of Stolen Property who was under suspicion, shot and killed himself at Havana's police headquarters. Waiting anxiously to hear their fate were hundreds of Ousted Dictator Fulgencio Batista's civilian...
Brothers in Christ. For the past two years Cullmann has been expounding his idea throughout Europe. There have been skeptics on both sides, but more enthusiasts. After one Cullmann lecture in Rome, "a monk who did not make himself known placed a bank note wrapped in paper into my pocket. On my way home I discovered that the following words were scrawled on the paper: 'From a Catholic monk for a poor Protestant in Rome as a symbol of Christian solidarity.' I delivered the sum to the dean of a small Waldensian seminary in Rome ... He spoke...
Forty Knots in the Bank. The Navy is mum about Skipjack's performance on her first trial, but her submerged speed beat the top speed of the Albacore (30 knots), and may be in the range of 40 knots (46 m.p.h.). Few if any surface ships can travel so fast except over a glassy-smooth sea. A fast surface ship expends most of her energy in raising waves in the interface between sea and air. But the Skipjack has no such problems...
...Instant Money." Every day banks are sprouting new gimmicks to lure credit customers. Taking a cue from the successful Diners' Club (TIME, Sept. 22), some 200 banks have shuffled themselves into the credit-card game. Last week Georgia's ten hard-selling Citizens & Southern National Banks popped out the latest variation, advertised "Instant MONEY-Cash Loans Within 20 Seconds." The C. & S. device is a charge card that enables one to draw immediate cash up to thousands of dollars from any C. & S. teller's window, or to charge consumer goods at 1,000 Georgia stores...