Word: bank
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Dates: during 1960-1969
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...lady was furious, issued broadsides from behind the closed doors of her fashionable Left Bank apartment, fired off letters of protest to President Johnson. But she was not so furious as to lose her head completely. An American correspondent, trying to get Madame Nhu's firsthand version of the whole affair, knocked on the apartment door, was met by her daughter Le Thuy, and the following conversation took place: Le Thuy: Surely you know that Madame will not see journalists without payment in advance? Reporter: How much, if we just talk about the visa? Le Thuy: For how much...
...rarely has to fine building owners, for landlords can ease the cost of cleaning by borrowing as much as 40% of the tab. Face-washing a private apartment house costs about $2,000. To clean the 18th century building in the Place de la Concorde that houses the Morgan Bank,* the Automobile Club of France and the famed Hôtel Crillon, cost about...
...particularly difficult time finding mortgage money (many lenders believe that the current room shortage in New York City is a short-range phenomenon that will disappear as soon as the World's Fair closes). Partly to tighten up lending by savings and loan associations, the Federal Home Loan Bank Board this year increased the associations' reserve requirements...
...importance of economic advisers has also grown with the proliferation of common markets, payments unions, development banks and monetary funds-most of which the economists devised, either wholly or in part. Yale's Belgium-born Robert Triffin was the architect of the European Payments Union that abolished strict currency controls; now he is pushing the controversial "Triffin Plan" that would link nations through a world central bank and a single world currency. France's Robert Marjolin, first vice president of the Common Market, is also pressing for the "Marjolin Plan" that would unite nearly...
...Italy, Economist Guido Carli, governor of the central bank, has prescribed strong medicine for the country's debilitating inflation. With the patchwork government of Premier Aldo Moro too weak to take effective action, Carli on his own tightened credit and restricted borrowing from abroad. A convincing negotiator, he was called upon by Moro to persuade socialists and labor leaders to temper their own wage demands and agree to reduced government spending. One result of Carli's influence: Italy's trade balance is improving for the first time in two years...