Word: banke
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Dates: during 1940-1949
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Basil Robert McAllister, a wispy, stoop-shouldered Bronx bank teller, first fell in love with Finland at the New York World's Fair, in 1939. He visited the Finnish Pavilion on his days off, met and liked the Finns who worked there. A bachelor, he joined a Finnish club in Manhattan, went to dinners and dances there. When the fair ended, he began to correspond with his Finnish friends who had returned home. Said he: "The Finns are very straightforward and honest and dependable. They agree with me and I agree with them...
...Chiang Ching-kuo, Generalissimo Chiang Kai-shek's Russian-educated elder son. A chubby, earnest man who looks much younger than his 39 years, Chiang believes in going to the people. On Tuesday and Thursday afternoons he holds open house in his office in Shanghai's Central Bank of China to hear the public's complaints...
...million for food and other products bought on tick, the only reference to this was a $52 million item called "operations with foreign governments." Finally, without offering any proof, IAPI claimed a thumping 1947 profit of $259 million. "It makes no sense to me," said one Buenos Aires bank manager last week. "It looks as if the figures were plucked from...
...increase the cost of doing business. In two days, the Dow-Jones industrial average fell 2.29 points to 180.61 in the heaviest selling in weeks. But bankers doubted whether FRB's action would tighten credit much. There was too much money in circulation and too many big non-bank lenders, e.g., insurance companies, ready to fork out cash. New York's National City Bank Monthly Letter said that a practical banker might well ask: "Why crack down on us so that our competitors can take the business...
Credit Plan. Westinghouse Electric Corp., which thought appliance sales might be nipped by the Government's installment credit curb, announced a new plan to make credit easier: Westinghouse will guarantee the buyer's bank loan. If he defaults, Westinghouse will buy back the equipment, and repay the balance of the loan...