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...that nation's $39 billion foreign debt. Some of his European hosts were disappointed. Solidarity leader Lech Walesa pressed the case for $10 billion in assistance, and Communist Party leader Wojciech Jaruzelski asked for at least $3 billion in aid and a major rescheduling of Poland's debt. Hungarian banker and businessman Sandor Demjan, in a gesture that was at once magnanimous and a bit slighting (as well as rather amazing), told the New York Times that he would match the $25 million in direct U.S. economic aid. The $145 million in Bush's gift bag for easing Poland...

Author: /time Magazine | Title: From Patrons to Partners | 7/24/1989 | See Source »

Rose's father was a banker, a numbers man who always seemed to be hunched over a column of figures. He was also a semipro football player who competed into middle age for the old Cincinnati Bengals. "When I was young," the son recalls, "people would stop me on the street to tell me I could never be what my father...

Author: /time Magazine | Title: Living Life by the Numbers | 7/10/1989 | See Source »

...young investment banker I know went bankrupt not long ago. He had let his debts get the better of him and had gambled recklessly in the market. But he was of essentially good character and excellent financial prospects, so if only his creditors had borne with him until he got his bonus, everything would have been fine. "Sure, sure," said three of his creditors, who had heard it all before. They forced him into bankruptcy over $60,000. Six months later, he got a quarter of a million dollars bonus and paid off all his creditors except the three. When...

Author: /time Magazine | Title: Money Angles: Happy Returns in Home Loans | 7/3/1989 | See Source »

...attacked the revised Time-Warner merger agreement as "a defensive device, pure and simple. From the standpoint of Time shareholders," the company said, "we don't see how it begins to compare with our offer of $175 a share in cash for all shares." Declared Paramount's principal investment banker, Robert Greenhill of Morgan Stanley: "We consider this a very weak response." Paramount repeated an earlier offer to negotiate a higher price, and declared, "We will continue our efforts to acquire Time Inc. with firm determination...

Author: /time Magazine | Title: Return To Sender | 6/26/1989 | See Source »

...distance between Paris and Los Angeles is measured in light-years, not flying time. The newcomer still wears a necktie, but he now calls his banker Judy...

Author: /time Magazine | Title: Time Magazine Contents Page: Vol. 133 No. 25 JUNE 19, 1989 | 6/19/1989 | See Source »

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