Word: banke
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Dates: during 1960-1969
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Pedro G. Beltran was prime minister and minister of finance of Peru from 1959 to 1961, and is now publisher of La Prensa. He is also former Peruvian ambassador to the United States, and former chairman of the Board of the Central Reserve Bank of Peru...
...gains, Spain's workers have boldly launched a grass-roots organization of their own as a rival to the syndicates. Called the Workers' Commissions movement, it has spread rapidly iow has chapters in factories all over Spain; it has also reached some white-collar employees, such as bank clerks and office personnel. In theory, the commissions are illegal, but in fact they are tacitly tolerated by the government, though one of their organizers, ex-Socialist Marcelino Camacho, is now on trial in Madrid on charges of leading an illegal demonstration. As a result, Camacho has become something...
Arab Exodus. For the first time in 20 years, the Gazans are allowed to travel outside the Strip. With Israeli encouragement, more than 30,000 of them have gone to seek jobs in Jordan or the Israeli-occupied West Bank. The Arabs charge that the Israelis are allowing them to leave for political rather than humane motives, since every departing Arab is one potential terrorist fewer to deal with and one mouth fewer to feed. But the rate of the Arab exodus by bus and hired taxi has dropped off lately as word has spread that few jobs are available...
...soaring cost of homes and apartments. Only last year, according to one recent survey, the cost of housing jumped 10% in most areas of the U.S. "Housing prices are going up faster than people's ability to pay," warns Walter Hoadley, senior vice president and economist of the Bank of America. "The demand for housing is on a collision course with rising costs...
Lately the inflow of bank savings deposits has slackened as well, causing widespread fears that depositors will soon begin taking their rainy-day funds out of institutions to put them into higher-paying bonds and other securities. The banks are unable to raise their bid for savings: almost all of them are al ready paying as much interest as authorities allow (61% for example, for large-sized six to twelve month certificates of deposit in New York...