Word: banke
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Dates: during 1940-1949
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Next day George Marshall answered for the U.S. His Government, he said, would ask World Bank loans for Latin America, and make fresh funds available for new loans from the Export-Import Bank. But the kind of economic development Latin America needed, he said, was simply beyond the U.S. Government's capacity. His suggestion for latinos: invite private capital to help. To show that this need not mean economic bondage, he cited the use the U.S. made of foreign capital in its i gth Century industrialization...
When Strong Man Fulgencio Batista's candidate lost the presidency to hollow-eyed Ramon Grau San Martin in 1944's free elections, Batista promptly and discreetly took a plane for Miami. Since then, backed by a jumbo-sized bank roll, he has sat out a pleasant exile in some of the New World's toniest suites...
...tabloid New York Mirror, "Aunt Geneviève" has hung up a few scoops, and a record array of wrong guesses. Her daily routine includes interviews with diplomats every forenoon, and phone calls to "well-informed friends" in London and Geneva every evening. In her elegant Right Bank apartment, she has three telephone lines and a phone in every room...
Last week, Green had some other pleasant figures to play with. The Cotton Belt had paid off its $2.8 million bank debt and $2.3 million owed the Southern Pacific. It was the only major railroad to come out of bankruptcy with its stockholders' interests 100% intact. (Stockholders in other reorganized railroads lost some $2.5 billion when their shares were washed out as worthless.) Six years ago, the I.C.C. had declared the Cotton Belt's stock worthless, too. In 1944, when the stock was suspended from trading on-the New York Stock Exchange, it sold for $1 a share...
...corporate profits were not too big, said the National City Bank of New York, after a survey of 3,102 corporations representing about 45% of the total U.S. corporate net worth. The companies had netted profits of $9,228,038,000 (37% more than in 1946), for an average return of 12.2% on net worth v. 9.5% in 1946. But. profit margins on manufacturers' sales, although up from last year, said the bank, were narrower than margins in "other years of active business...