Word: bank
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Dates: during 1960-1969
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WASHINGTON, Nov 29--Robert S. McNamara announced tonight that he is resigning his post as Secretary of Defense to become president of the World Bank...
...President praised McNamara's performance of the duties of Defense Secretary, but said, "I could not justify asking Secretary McNamara indefinitely to continue to bear the enormous burdens of his position nor could I, in justice to him and to this nation's obligations to the World Bank, refrain from recommending that he be selected as president of the bank...
Earlier yesterday the executive directors of the World Bank voted unanimously to offer the presidency of the lending agency to McNamara. A formal offer will be made as soon as possible...
...interest in the Chicago skyscraper for $5,500,000, getting only half his investment back. Now his other holdings are also threatened-including millions in real estate, Philadelphia's Connie Mack Stadium and the Yellow Cab companies of Philadelphia and Camden, N.J. In addition, he has overdrawn his bank accounts by $85,000, is $226,000 behind in paying his insurance premiums and owes $182,000 in back taxes...
...people in this glass house throw pebbles, not stones, and such damage as they do is not to flesh but to sensibilities. Since the house is tall, stands on the bank of Manhattan's East River and is a monument to international good works, it may be as well to see it as U.N. headquarters. Shirley Hazzard calls it simply the Organization-though she worked at the U.N. for ten years. The characters represent many nations, but, above all, they represent one way of life. What they do and say provides a fictional counterpart to William Whyte...