Word: banker
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Dates: during 1960-1969
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...variant of baccarat, chemin de jer (literal meaning: railroad) is limited to two players, who alternate as banker. Each gets dealt two cards and may draw a third, with the aim of getting a count of nine or as close to it as possible. Tens and picture cards count zero...
Chief among the technicians is Finance Minister Walther Moreira Salles, 49. A liberal-minded banker who was twice Ambassador to the U.S., Moreira Salles has tried hard to shake Brazil out of its economic nightmare-a looming 1961 budget deficit of $600 million, with inflation rumbling into the wheelbarrow stage. Moreira Salles turned off the spinning cruzeiro presses, laid plans to slash government spending 20%, drew up a sense-making tax-reform bill. The cruzeiro free-exchange rate, fallen 33% (to 360 to the dollar) firmed up to 340 and seemed about to right itself...
...Deutsche Bank. Unhampered by the kind of legislation that restricts the scope of U.S. banks. West German banks combine the functions exercised in the U.S. by investment banking houses, commercial banks and savings banks, are also free to operate mutual funds and act as brokers. As a result, German bankers wield far more power than their U.S. counterparts. And as boss of his nation's biggest bank, Hermann Abs is the most powerful German banker...
...attracted attention by his grasp of international finance. His appointment in 1937 as head of the Deutsche Bank's foreign department established him at 36 as the Wunderkind of German banking. Though he is a devout Catholic and did not join the Nazi Party, Abs, as a top banker, was inevitably involved in the Nazis' financial wheeling and dealing. But at war's end, an Allied Denazification Board placed him in Category 5-the classification reserved for Germans exonerated of active support of the Hitler regime...
Still smarting from a series of ill-starred political ventures topped off by his self-announced candidacy for the 1960 Republican vice-presidential nomination, Banker-Lawyer Philip Willkie, 41, son of the late Wendell Willkie, had no patience left for family troubles. With his wife's divorce litigation dragging into its sixth month, Willkie countered with a $1,000,000 suit against his in-laws for alienation of Mrs. Willkie's affections. Willkie's father-in-law: Millionaire Minneapolis Grain Man Peavy Heffelfinger, 64, nephew of famed 1890s Yale Guard "Pudge" Heffelfinger and onetime finance chairman...