Word: banke
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Dates: during 1960-1969
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...segregation of all youngsters from 15 to 16 years of age, easily the most lawless group in the country; 3) the destruction of all automobiles, for they are stolen at the rate of half a million a year, and are a vital tool in just about every caper from bank robbery to smuggling; and 4) the elimination of big business, which wittingly and unwittingly encourages illegal financial operations and offers attractive investment opportunities to big-time racketeers...
When he testified last week before the House Banking Committee, the prestigious central-bank boss once more demonstrated his independence...
Having far overextended its own financial resources, Krupp went to an export-financing syndicate of 54 banks last December and asked for $25 million in credit. The bankers, who had advanced him $90 million earlier in the year, demanded to see the company's balance sheet. Then-incredibly-they turned Krupp down. Said Deutsche Bank Chief Executive Hermann Abs, Germany's most powerful banker: "It is the noblest right of the banker to say no when he considers the risk exhausted." Abs next took the problem to Bonn. Schiller stepped in quickly, fearing that a crisis at Krupp...
...British pound, which has been ailing for decades, has begun to show signs of returning health. And its new strength is reflected in reports both at home and abroad. Last week the Federal Reserve Bank of New York announced that the British have entirely repaid more than $625 million borrowed from the U.S. last summer in order to help sterling escape devaluation. In a long-distance diagnosis, the Reserve Bank's Charles A. Coombs, vice president in charge of foreign operations, said that the pound has "moved through crisis to convalescence...
Canadian and U.S. corporations, plus a few individual donors, contributed the $600,000 endowment necessary for the new professorship. A committee of Canadian and American businessmen, including David Rockefeller '36, president of the Chase Manhattan Bank and chairman of the Board of Overseers of Harvard, organized the collection...