Word: banke
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Dates: during 1960-1969
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...some Western scientists to speculate that Venus III had crashed into Venus by mistake. Not so, announced Moscow, explaining that Venus III was intended to make a soft landing by means of a parachute, but failed. Soft or hard, Sir Bernard Lovell, the director of Britain's Jodrell Bank Observatory, worried that Venus III might have contaminated the planet, raising science-fiction fears of Earth germs multiplying and perhaps taking grotesque forms in virgin territory...
...nations need a measure of economic heft and political substance, a chance to make sense in the long run by maturing into nations worthy of the name. Far too many of them raise their flags with little but a flagpole to go on. Considering only their economic demerits, World Bank President George Woods has estimated that 30 of the world's underdeveloped nations are at least "generations" away from anything resembling self-sustenance...
...sees himself as having run an institutionalized, intellectual organization, admitting that maybe a circus is what Young Dems needs to camouflage, if not to cure, its anemia. He speaks for himself as a transitional leader, presiding over the club as it adapted itself to its new size and bank account. The transition, he implies, is up to the new president, Larry Seidman, to define and complete...
...town, students would be competing with each other for money--and bankers naturally would lend money, to the better business risk, denying funds to the neediest. Brademas argued last week that it was unreasonable to expect bankers to lend $1000 to a family whose mortgage the bank was foreclosing. "And could a Negro ask a loan of a white banker in a Southern town?" Brademas asked. "He would be lucky if he was able to walk in the front door," he said...
Some of the stock market's troubles stem from a worsening shortage of investment money. Salomon Bros. & Hutzler, a leading bond-trading house, predicted that commercial banks will have $3 billion less to put into long-term credit this year than last. With a swiftness that startled even investment men, the money shortage has driven interest rates on some new bond issues to 45-year peaks, prompting investors to sell stocks in order to buy bonds. Last week $40 million of Long Island Lighting Co. bonds went on sale with a 5.13% interest return, one of the highest yields...