Word: bank
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Dates: during 1960-1969
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...will become more so. In the Apollo program, NASA defined the mission, planned the flights and recruited astronauts; M.I.T. contributed to the design of the navigation system, North American Rockwell Corporation built the vehicle, and Pan American services the Cape Kennedy base. George Champion, chairman of the Chase Manhattan Bank, believes that if private business addressed itself to satisfying the education and housing needs of the poor it could not only improve their lot but also find it profitable. As the New Left is quick to point out, the military relies on the universities for the science and technology...
...made the stock of the publicly owned corporation one of the highest-flying issues on the Paris Bourse. Over the past five months, its price has risen from $88 to $120 per share. Investors include Edmond de Rothschild, who owns a 35% interest, and France's Louis Dreyfus Bank, which holds 8%. Last August, American Express Co. paid $2.7 million for a 15% interest in the club and took over as its North American booking agent. An American Express spokesman says that the company expects to increase its stake in Mediterranee in order to get more of "the swingers...
Despite its pious title, the Institute for Religious Works in Rome is much less interested in theology than in economics. It is the Vatican's bank for investing the resources of Roman Catholic religious orders and charities from many parts of the world. Set up by Pope Pius XII 27 years ago, the institute manages a sizable portion of the Holy See's vast securities portfolio. Its guiding principle is the maxim that 1,000 lire sown today can reap 10,000 for charity tomorrow...
...Bishop as Banker. The Holy See, which is as secretive as a Swiss bank in money matters, has never revealed the extent of its temporal wealth. But according to the expert opinion of bankers, economists and others who closely study its affairs, the securities that it owns in many countries are worth more than $2 billion. By best estimates, the Vatican holds 2% of the shares quoted on Italian stock exchanges. It is a stock holder in several Italian banks, including one called the Bank of the Holy Spirit...
Over the years, Sapone has earned 2,300 paintings, drawings, sculptures and other works by the artists he has dressed. Since he has no bank account and little cash, he has reluctantly sold 1,850 of them in order to live. Still, Sapone has rejected offers of $20,000 for a pointillist abstract dancer by Gino Severini and $60,000 for an exceptionally sensitive Alberto Giacometti portrait of the tailor's daughter Aika...