Word: banke
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Dates: during 1960-1969
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...Biafran government put up $60,000 for the purchase of five secondhand MFl-9Bs in a third-party transaction handled through a Zurich bank. Biafran Leader Odumegwu Ojukwu appointed Von Rosen an air force colonel and approved an additional $140,000 for refitting the planes in friendly Gabon and for the pilots' salaries. Finally Von Rosen told his wife Gunvor of his plans-up to a point. "He told me he was going to Biafra," Countess von Rosen said last week, "but he didn't say he would be bombing MIGs...
...Frommer, Fielding writes "as though the only reason for going to Europe is to eat one grand meal after another. My people don't want to stay in hotels that have stock market tickers in the lobbies. They're people who want to test Europe?live on the Left Bank of Paris instead of the Right, eat in the same restaurants the local people eat in." Frommer's "people" are mainly travelers in the 30-and-under age bracket?currently nearly half of all the U.S. tourists who visit Europe. He appeals to them so gainfully that within ten years...
...board's policy of "resolute restraint," as Chairman William McChesney Martin describes it, hit home so hard that many bankers concluded that another crisis is imminent. "This is certainly the worst credit squeeze since 1966," said Beryl Sprinkel, chief economist of Chicago's Harris Trust & Savings Bank. "The question is whether it will get as bad as 1966. We're moving very rapidly in that direction...
...crunch" talk-the word was on nearly every banker's and broker's tongue last week-delights the Federal Reserve. The board interprets the commotion as evidence that its tight-money policy is now beginning to force banks to make difficult decisions about what to do with their funds, instead of trying to dodge monetary discipline by scraping up money abroad. So far this year, the Federal Reserve has allowed the U.S. money supply to grow at an annual rate of less than 2%. That is sharply below the inflationary 11% growth allowed in the second half...
...good marks for his science, fiction is his failing. The level of the prose is droningly simplistic-a prose style only partly justified by the fact that the main characters are laconic scientists. The characterization of the scientists and the lush seem to have been retrieved from the memory bank of some tired computer. And the magic of the gadgetry gradually cloys and clutters in the mind...