Word: banke
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Dates: during 1960-1969
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...ship-clearing operation had begun smoothly enough. For two days Israeli soldiers idly watched from the east bank while Egyptian tugs probed south of the midway port of Ismailia to chart an exit channel past sunken obstacles (scuttled ships, downed jets). Then, breaking a tacit understanding with Israel that they would clear only the southern half of the canal, the Egyptians suddenly announced that they also wanted to look over the canal's northern half. The Israelis immediately suspected an Egyptian maneuver aimed not only at reopening the canal's entire 107-mile length but perhaps at clearing...
...impasse. Though their battered economy is losing $5,000,000 a week in tolls, the Egyptians do not really seem all that anxious to open the canal, apparently hoping that as long as it remains closed the maritime nations will put pressure on Israel to withdraw from its east bank. The Israelis, on the other hand, have no intention of letting the canal open so long as they are denied its use. As for the U.S., it seems quite content to watch Soviet ships bound for North Viet Nam having to take a wearying 14,000-mile trip around Africa...
Bulging with Bank Notes. The Ibo have adjusted to the war remarkably well. In the bush, villagers have taken into their families thousands of Ibo fleeing from other regions of Nigeria and from Biafran towns threatened with capture. Wholly new and hidden villages have sprung up near occupied towns. At roadblocks around the country, highschool girls in "Long Live Biafra" T-shirts help militiamen check passing cars. Light-Heavyweight Boxing Champion Dick Tiger, an Ibo, has toured the interior villages, advising militia officers on how to whip their inexperienced recruits into fighting trim...
...Morgan Guaranty Trust Co., a lineal descendant of J. P. Morgan & Co. By the best estimates, it administers 250 pension funds with assets totaling about $7 billion. All its stock trading decisions are initiated by one man: Carl Hathaway, 34, a Harvard graduate. He weighs the recommendations of the bank's analysts, makes his choices, and then presents them to a small group of senior officers-who almost always go along with his advice. Morgan has concentrated one-third of its equity investments in just ten stocks, the names of which are a well-guarded secret. Hathaway...
...shuffling millions of paper stock certificates back and forth among investors. What market managers need, and are trying to achieve, is a completely automated system that would do away with the fancy certificates but record the transactions of every investor on a master file, like deposits and withdrawals in bank accounts...