Word: banke
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Dates: during 1960-1969
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...governor of Guanabara, which means mainly the city of Riode Janeiro and its outskirts, I was very much helped by the Alliance for Progress in its beginnings. We doubled the sanitary sewage services into Rio which was partly financed with Alliance for Progress funds through the Inter-American Bank...
Losing Leverage. Another argument against blanket withdrawal of investments is raised by Wichita Lawyer William Thompson, the new Stated Clerk of the United Presbyterian Church. He contends that by taking funds out of a bank or selling shares in a company whose policies they may not approve, the churches lose their leverage to change the minds of corporation officials...
Though the Rothschild Frères cards are the first to be issued by a European bank, they are hardly the thing for the Europe-on-$5-a-day set. They will be honored at only about 120 spots in Paris and resorts in the south of France, including airline offices, the best hotels, restaurants, fashion houses and-for those who like to buy their Rolls-Royces or Mercedes on impulse-prestige auto dealers. What's more, only the elite with Rothschild bank accounts will be eligible for the cards, and those accounts are rather hard...
Given the credentials of Rothschild's clientele, it is surprising that the bank is playing the card game at all. It will charge no fee for the service, and only a few hundred cards will be issued; that hardly compares with such plebian powers as the Diners' Club, which has more than 30,000 holders in France...
Actually, Rothschild Frères was moved more by pique than profit. It seems that some Paris stores have lately been nervy enough to question big checks drawn on Rothschild accounts. The bank hopes that the cards will end what one irritated Rothschild officer described as those nasty incidents that "occur from time to time, when a merchant insists on calling us before he accepts payment by check. It has proved embarrassing for us and for our clients...