Word: banker
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Dates: during 1960-1969
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With business ripped to shreds and consumer spending sharply curtailed, Alaska's bankers met with federal of ficials in an attempt to find some temporary solutions to the financial crisis. The banks' loan capacity, never very great, was probably less than $100 million, not nearly enough to satisfy the demand. Some banks have already made construction loans. All of them, said Anchorage Banker Jacques Roth, have "the unpleasant obligation of deciding who will survive and who will go under...
...blessing in disguise: an opportunity to rebuild the state, a chance to tear down the rest of the antiquated and otherwise unsuitable structures in the towns and to create modern cities that could blossom in a fresh and viable economy. "The history of areas like this," said Anchorage Banker Elmer Rasmuson, "is that they rebuild and get much better than they were before. I'm satisfied that we have the basic soundness on which to rebuild in a more modern fashion. This is not going to be done just because we're courageous Americans. It will be hard...
...good. But when the junta went through its inevitable first shake-up last December, out went one of its members and in stepped Donald Reid Cabral, 40, a Santo Domingo auto dealer and the frail (5 ft. 6 in., 132 Ibs.) but strong-willed son of a Scots banker. Since then, Reid has clearly become more equal than the others in the triumvirate. This week, as military men complained to Reid about still another member of the equal trio, his importance became even more marked...
...Francisco Investment Banker Claude N. Rosenberg Jr., is when a stock selling at $10 to $20 splits. "This smells of promotion," he says, "because there is really no reason to bring a stock down in price from these levels." Almost all stockbrokers agree that no one should buy a stock just because it is being split. The reliable formula is still to consider only what the real value of the company...
...this money comes from wealthy Latin Americans, oil-rich Arabs and, Washington believes, even from Communist bigwigs-possibly including the Red Chinese. Investors are also uneasy about a slide in the French stock market, Italy's new austerity program and the forthcoming British elections. Says a top banker in Paris: "The economic news from the U.S. is good, and the big professional investors want...