Word: banke
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Dates: during 1960-1969
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...Among its founding members: ex-Secretary of State Dean Acheson, ex-World Bank President Eugene Black, Educator James Bryant Conant, ex-Treasury Secretary (under Kennedy and Johnson) C. Douglas Dillon, ex-Defense Secretary (under Eisenhower) Thomas S. Gates, Princeton President Robert F. Goheen, M.I.T. Chairman James R. Killian Jr., ex-Ambassadors John J. McCloy and Robert D. Murphy, Banker David Rockefeller...
Overtures to Washington. The reforms-suggested last December by the Agency for International Development, the International Bank for Reconstruction and Development, and the International Monetary Fund-are aimed at preserving Colombia's fading foreign exchange, estimated at $109 million last week. They provide for: 1) preferential exchange rates ranging from 9 to 13.5 pesos per $1 (free rate: 19 pesos per $1) on imported raw materials; 2) a $33 million issue of economic development bonds; 3) a 15% income tax increase for the current year, plus another 5% surcharge for the forced purchase of government bonds...
...directing the reforms is Finance Minister Joaquin Vallejo, 52, a Pharmaceuticals executive who is well regarded in international banking and finance circles and has Valencia's support "to do whatever is needed to save the nation." From his emergency reforms, Vallejo hopes to bring in an additional $40 million in revenues this year to help pay off the government's projected $87 million deficit. To make up the rest, Vallejo plans to meet with the International Monetary Fund and the World Bank in Washington later this month, and seek additional...
Flying on to Rome in a two-prop U.S. Air Force Convair T-29, Fowler met with Italian Prime Minister Aldo Moro, Governor of the Bank of Italy Guido Carli, and Treasury Minister Emilio Colombo. The Italians have been more sympathetic than most Europeans to the U.S. call for reform, and this time the meetings were cordial from the beginning. "We have given our fullest support" to the idea of an international conference, said Minister Colombo as he and Fowler left the meeting. For the first time, Fowler indicated that the U.S. has a time table for reform: talks...
...75th birthday in July, Stengel fell and fractured his hip. Doctors told him that he might never walk properly again, so Casey, who has been quietly salting it away for years, decided to go home to his bank (the Valley National of Glendale, Calif.), his "dozens" of oil wells, his stock portfolio, and his six-story office building in Glendale. He was still on the Mets's payroll as the club's "West Coast vice president"-or, in Stengel's words, "the highest-priced scout you've ever seen." Coach Wes Westrum would manage the team...