Word: banke
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Dates: during 1960-1969
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...however, the Cabinet's position is rapidly hardening. Israel's new frontiers, says Premier Golda Meir, must provide "no natural advantage to our neighbors" (see box). In strategic translation, that means that Israel intends to retain part of Jordan's West Bank, at least a measure of Syria's Golan Heights, the Gaza Strip and as yet unspecified portions of Egypt's Sinai Peninsula. Last week Deputy Premier Yigal Allon promised Israelis that "if our frontiers are made secure, they will eventually be recognized." Defense Minister Moshe Dayan added a carefully worded warning...
...ghetto betterment projects often seem to generate more rhetoric than results. "Whenever the average businessman has done something, he has done it in a condescending spirit and at a distance, not in a face-to-face partnership," says Mills B. Lane, president of the Atlanta-based Citizens & Southern National Bank. "He likes to sit around and debate, then go write a check to some agency or other...
Lane decided that his bank, the biggest in the Deep South (assets: $1.5 billion), should become deeply involved in increasing home ownership and black capitalism in deprived areas. As a first step, he devised "the Georgia Plan," which starts with local cleanup drives and leads to high-risk improvement loans...
...less sweeping than Forman's revolutionary introduction. It did demand half a billion dollars from U.S. churches and synagogues as reparations for their role in supporting the "exploitation" of the American Negro. But most of the money was earmarked for such plausible projects as a Southern land bank to aid dispossessed Negro farmers and a new black university in the South...
These days, Léger spends most of his time traveling through Cameroon to preside at confirmation ceremonies. He is also laying plans for a new center for all kinds of handicapped Africans. This fall, Leger will return briefly to Montreal to receive Canada's $50,000 Royal Bank Award for humanitarian achievement. Léger has earmarked the money for his center, for which he hopes to raise an additional $1,000,000 in Canada. He regards the center as a kind of beau geste that will inspire others to help Africa help itself. "I have always believed...