Word: banker
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Dates: during 1960-1969
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...part of the debate over inflation centers on whether there should be a boost in interest rates, the classical economic medicine. Bankers have been pressing for a rise, and last week the biggest banker of all, President Rudolph .A. Peterson of the Bank of America, stated their case: "A small rise in rates would not seriously dampen American business. On the contrary, it could well contribute to balanced and continued expansion of our economy." The Administration, on the other hand, has opposed any interest rise because of fears that such a rise might cut off the expansion by discouraging investment...
...based on a Parisian stage smash entitled Patate, tells of a nonentity whose nickname means "potato nose," or, more loosely, jerk. Thanks to his longtime enemy, a prominent financier, he has borne that unfortunate nom de pomme since childhood. He avenges himself at last when he learns that the banker is having an affair with his teen-age daughter...
Died. Patrick Guinness, 34, banker son of British Financier Loel Guinness and Joan (later Princess Aly Khan) Guinness, half-brother of Aga Khan IV and since 1955 husband of Countess Dolores von Furstenberg, who also happens to be his stepsister (Dolores' mother, Gloria, married Patrick's father in 1951); of injuries sustained when his custom-built Iso-Rivolta plowed into a tree at 110 m.p.h.; near Turtig, Switzerland...
First Lesson. "I am a freak," Motherwell confesses. "I didn't start painting seriously until I was 25." The son of a banker, Motherwell was born in Washington, went to Stanford, Harvard Graduate School, the University of Grenoble, and Oxford in pursuit of a respectable Ph.D. before showing up to study with Art Historian Meyer Schapiro at Columbia. In the face of hardheaded parental disapproval, he had been sketching since childhood. When he showed Schapiro his work, the Columbia scholar sent him along for criticism to the lively circle of French surrealists who had been driven by Hitler...
...most prominent executives-including Pechiney's Chairman Raoul de Vitry, Rhone-Poulenc's Chairman Wilfred Baumgartner and T.S.F.'s (electronics) Chairman Maurice Ponte-came out in support of the market. In a speech opening Marseille's international trade fair last week, Emile Roche, a leading banker and industrialist, said: "Our economy deserves to be told, clearly and categorically, whether we are continuing the European movement or whether, for pretended independence, we are returning to the poison of protectionism...