Word: banke
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Dates: during 1940-1949
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...plans were put into operation on September 8, 1944, the day the government returned to Brussels. Like every German-occupied country, Belgium was flooded with excess paper money (almost five times as many francs were in circulation as before the war). Finance Minister Camille Gutt called in all bank notes larger than 100 francs, returned no more than 2,000 francs to anyone. The rest was temporarily frozen or funneled into government loans. Some Belgians howled at the deflation, but those who suffered most were those who had made the biggest profits on German accounts. Few Belgians wept for such...
...most heavily official and fashionable of all art shows-the spring Salon-opened last week in Paris' Right Bank Palais de New York. Ten thousand people, led by the President of France, Vincent Auriol, jammed through the halls on opening day. Some of them found their neighbors' gowns more attractive than the pictures. The acres of art on exhibition (2,000 paintings, 200 pieces of sculpture) were almost uniformly slick, deft and academic...
...Dallas' Mercantile Bank auditorium last week, stockholders crowded in for the first annual meeting of Lone Star Steel Co. Texans were anxious to know how their first home-owned heavy metal industry (TIME, April 7, 1947) was doing. They heard the good news that Lone Star's stock, floated at $1.50 a share, was selling over the counter for as high as $7.50. Then came the bad news...
...company had bought. Then, said Eaton, he discovered that the new financing was not really going to be used, as represented, to step up K-F production to 1,500 cars a day. It would merely restore the working capital K-F had used to pay off a bank loan which K-F officers had guaranteed...
...Behind. Proud as any small country bank, the International Bank for Reconstruction & Development announced that it had come profitably through its salad days. In nine months, President John J. McCloy had turned the World Bank's $1,063,805 deficit into $1,178,792 profit. Chief income: interest on $497,000,000 in loans to France, The Netherlands, Denmark and Luxemburg...