Word: banke
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Dates: during 1960-1969
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...simple, dear friends. It must be made between totalitarian Communism and liberty and democracy." Meanwhile, all across France, Gaullist campaign workers sought to rekindle the revulsion that the average Frenchman felt toward the June violence by showing a specially prepared 30-minute film of the rioting on the Left Bank. In city after city, some 8,000 student volunteers, who call themselves "Youth for Progress," worked frantically for De Gaulle, painting Gaullist slogans on streets and fighting with Communist youngsters for the best locations to paste up posters...
...moneymen assembled last week in Basel, Switzerland, the 38th annual meeting of the Bank for International Settlements was the occasion for a somber review of the past year's dizzying dislocations in world finance. Last fall the pound was devalued. Four months later came the speculative attack on the dollar that resulted in abandonment of the London gold pool. More recently, France's upheaval put unexpected pressures on the franc. "You can't tell the difference between monetary crisis and noncrisis any more," concluded one official at Basel. "Now it's crisis all the time...
...member nations were in the process of ratifying, one by one, creation of a new kind of international money, called special drawing rights, to supplement dollars, pounds and gold. S.D.R.s, bookkeeping entries designed to expand the reserves of individual countries, should help bankroll world trade. But, warns Bank for International Settlements President Jelle Zijlstra of The Netherlands, they "are not a panacea for the difficulties that must be dealt with...
...other-than-industrial categories, the leaders were unchanged. Bank of America is still the nation's biggest bank; Prudential, by a whisker ($511,000 higher assets) over Metropolitan Life, is still the biggest insurance company. Sears, Roebuck is far and away the biggest merchandiser, Penn Central the biggest transportation company, and A.T. & T. by much more than whiskers the biggest utility. (A.T. & T., were its revenues considered as sales, would stand third if it were included among the industrials...
...profit for the six months ending March 31, shedding Kelvinator will provide some of the cash necessary for continued recovery. The purchase price is expected to be about $45 million, and A.M.C. is sure to apply at least part of that toward a $52.5 million short-term bank loan due at the end of the year. Equally important, income from the deal could enable the company to move further into the production of parts, thus reduce its costly reliance on outside suppliers. As A.M.C. Chairman Roy D. Chapin Jr. sees it, the sale of Kelvinator opens the way for "further...