Word: banker
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Dates: during 1960-1969
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...food and service were so good that more and more British and Americans began to cultivate Polish friends in order to be invited there. In 1944 Mills bought the exuberantly Victorian mansion just off Park Lane built by Banker Leopold de Rothschild and started a restaurant called Les Ambassadeurs. He operated it as a club, as most London nightspots are because of drinking-hours regulations, made membership available to nearly anyone with an air of urbanity and $30 as initiation fee, payable at the door. Its 10,000 members now include the Duke of Edinburgh, Sir Winston Churchill, the Sheik...
...Many a banker around the U.S. found cause for consternation in the President's outlook. They had been convinced throughout the campaign that Lyndon Johnson was a man who harbored a real sympathy for men of business and motives of profit. But what Johnson said took almost instant effect as one of the banks he had most immediately in mind reversed a lending rate hike (see U.S. BUSINESS...
Died. Joseph Morrell Dodge, 74, Detroit banker and a top U.S. economic troubleshooter; of complications following a heart attack; in Detroit. An unbending advocate of sound money and tight credit, Joe Dodge came to the attention of the White House in the early 1940s after he managed to convert a Depression casualty into the prosperous Detroit Bank & Trust Co. (present assets: $1.2 billion). Called upon to try his fiscal therapy on the inflation-plagued economies of postwar Germany and Japan, he became one of the chief architects of their phenomenal booms by counseling devalued currency and balanced budgets. Then...
...Kennedy left for more profitable pastures in New York, where he plunged into the stock market, earning a reputation as a clever bear. Always alert for a fast buck, he went to Hollywood in 1926, bought a film company, and started turning out low-budget potboilers. He became banker and confidant to Gloria Swanson, who named an adopted son after him. Kennedy, however, made the mistake of putting her in one of his pictures, Queen Kelly, which featured such gamy scenes as a priest administering the last rites to a madman dying in a bordello. The Kennedy-Swanson team split...
...possible devaluation, and against speculators who sold short in the hope that the pound would be devalued and they could later buy it back at depressed prices. The rise meant that the British rate would be twice as high as the 31% U.S. rate, and, as one Swiss banker put it, "7% would drag money from the moon." The Federal Reserve and the Treasury were concerned that it might pull too many...