Word: bank
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Dates: during 1960-1969
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Israel explained that the extension of the deadline does not apply to the thousands of Arabs who once filled the dreary Palestine refugee camps, sapping the economy and disturbing the peace of the West Bank. Those professional refugees are not wanted back under any conditions. But Israel is perfectly willing to admit "hardship cases" -such as children separated from their parents. And it is willing to continue the return flow of legitimate farmers, shopkeepers and tradesmen who can contribute to the economy of their homeland. The applications of at least 21,000 such refugees have already been approved, but more...
Financial Coup. On the West Bank, in the Gaza Strip and even on the Golan Heights, educators are preparing for September school reopening-except in the Sinai capital of El Arish, where youngsters will be let off until Oct. 1 to help with the date harvest...
Management of Moslem religious affairs is gradually being handed back to the wakf religious trust committees. And the Bank of Israel has scored a financial coup by persuading the Bank of Jordan to release funds frozen in Amman so that the West Bank's shuttered banks can reopen...
...trend as a new vice rather than an old virtue. Commerce Department Economist Louis Paradiso looks for a gradual return to normal, notes hopefully that "there never has been a prolonged high rate of savings." But that just may be the way things go in Washington. Walter Hoadley, the Bank of America's chief economist, finds nothing "alarming" in the current tightfistedness. "People are cleaning up their budgets," he says. "Frankly, the private sector is doing what the Government should be doing-establishing a new set of priorities for spending...
Died. Walter J. Cummings, 88, key man in the Depression's bank holiday, a Chicago banker and businessman who in March 1933 took charge of screening 17,000 banks shut down by presidential order, within a week reopened 12,000 of them, eventually either closed or merged 5,000 others, meanwhile organizing the Federal Deposit Insurance Corp. to rebuild public confidence in the nation's banking system; of arteriosclerosis; in Chicago...