Word: banke
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Dates: during 1960-1969
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...Business School. Returning to Houston, he became city treasurer and chief administrative officer in four years. Then he joined College Pal Jack Valenti, who later became L.B.J.'s aide, to form the Jamaica Corp., now a multimillion-dollar land-developing company. He also became president of Homestead State Bank. Thus, with experience and contacts, he was a natural in 1966 for L.B.J. to name to the three-man board of the Federal Deposit Insurance Corporation...
More money than ever is needed to finance Europe's broadening technology - and more people than ever seem to have it. For those reasons, two venerable family-run firms last week were deep in plans to let little investors into their operations. In France, the Rothschild Bank chose its 150th anniversary to announce that Messieurs de Rothschild Freres, as the bank is formally known, is expanding from investment banking into a commercial bank serving smaller depositors. And in Belgium, the huge chemical company of Solvay et Cie. held a meeting at which 1,800 family "partners" discussed increasing Solvay...
Much of the construction is expected to involve rehabilitation--paid for by the residents themselves. For the first time, government-insured, low-interest bank loans may be made available in a ghetto area. One idea is to aid groups in setting up non-profit corporations to buy apartment houses; instead of paying rent to a landlord, a resident would pay a pro-rated share of the mortgage (plus a charge for maintenance services) and would wind up own apartment. The corporation could also seek money for rehabilitation, and split the payments on the loan among residents. Planners figure that...
...Blow to Cost Cutting. Similarly, last year's building plunge erased a glut of some 100,000 unsold new houses in California. "Now," says Vice President C. E. McCarthy of the Bank of America, "there are actual shortages, except in units priced over $40,000 and in poor-quality developments...
There were the political cocktail parties where dedicated antiFascists helped crush Mussolini by ordering martinis without olives, the disenchantment of the Daily Worker reporter who rushed into his office one day yelling, "Hold everything. It's begun. The masses are storming the Amalgamated Bank." Bendiner also describes the struggle to undermine the American way of life by slipping working-class propaganda into WPA art projects. "Swarthmore College felt obliged to close up a room in which no fewer than six clenched fists were detected in a WPA mural," Bendiner recalls. "After a mild uproar the room was reopened with...