Word: banke
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Dates: during 1940-1949
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Editor Crowther, a green-eyed little man who is cheerful as a cherub, perky as a piggy bank, is a prototype but not a proponent of Union Now: besides his American schooling and travels he has an American wife (and five little Anglo-Americans). During the war, to open another, pocket-sized window on the U.S. to Britons, he also edited a monthly mag-azine, Transatlantic. He is a nonsmoker, heavy eater, and a Chablis drinker...
...Former director of Oversee Division, Office of War Information; Director, Bank of Manhattan Company...
...first duty of the new administration is obviously to restore confidence in the banking system . . . first of all ... a national bank holiday of about a week ... Whatever solution is put into effect, the era of incompetent banking, banking that exists in so many cases for the maximum of private gain and the minimum of public good must be forcibly brought to a close." (March...
...that this hand had to be played alone if necessary because of the fall in exports. The squabble will not help ideas of West European unity along in the face of the worst economic crisis since 1932. But the worst blow will be dealt to the hope that the bank would replace the economic law of the jungle with international cooperation...
Substantial Change. What that meant was becoming increasingly clear. Even Arthur Vandenberg was privately convinced that the Administration's bill could and would have to stand substantial change. He had already publicly tipped his hand by agreeing with a suggestion of World Bank President John J. McCloy. The proposal: that ERP include a formula for "progressive credits"-i.e., make the amount of aid extended dependent on the rate of the economic recovery...