Word: bankerly
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Dates: during 1970-1979
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Both Thurmond and Helms face vigorous opponents in November. In North Carolina, Insurance Commissioner John Ingram is tackling Helms after an upset victory over Charlotte banker Luther Hodges in the Democratic primary. Ingram attacked Hodges as the darling of the special interests and is trying to do the same with Helms. He stresses his achievements as a progressive insurance commissioner--the elimination of age, sex and race discrimination in the state's insurance rates, and the investigation of insurance companies that stonewall on workman's compensation payments...
...American policy to lift the dollar will have to overcome that past mistake because worldly bankers and investors are very skeptical about the commitment of the Administration, and they have adopted a "show me" attitude. Quipped one top banker at the annual meeting of the International Monetary Fund in Washington last week: "He who talketh down the dollar cannot talk it back up." Of course, the stability of the American economy and the world financial system demands a decisive policy that goes much beyond talk. It should be a threefold strategy, of immediate steps to stem the dollar...
...shoot two of the attackers, who were later identified as Michael Knoll, 27, and Angelika Speitel, 26, both members of the terrorist Red Army Faction. Speitel is wanted in connection with the kidnap and murder of Industrialist Harms-Martin Schleyer and the deaths of Federal Prosecutor Siegfried Buback and Banker Jürgen Ponto...
DIED. W. Randolph Burgess, 89, former Treasury Department Under Secretary and U.S. Ambassador to NATO during the Eisenhower Administration; of a heart attack; in Washington, D.C. Schooled as a statistician, Burgess worked as a banker in New York for more than 30 years, first at the Federal Reserve, then at National City (now Citibank), before joining the Treasury in 1953. As Under Secretary for Monetary Affairs, he favored tight money policies, a balanced national budget and the gold standard. He resigned in 1957 when appointed NATO Ambassador, serving until...
...conference it was the unchallenged wisdom echoed by speakers of many viewpoints. Former Commerce Secretary Peter Peterson, now head of Wall Street's Lehman Brothers Kuhn Loeb, coupled a persuasive appeal for steps to foster the development of new businesses with a wry observation that "an investment banker calling for a cut in capital gains taxes has all the credibility of Dracula asking for charitable contributions to the blood bank...