Word: bankes
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Dates: during 1970-1979
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Iran's economy was already beginning to show signs of deterioration. Construction work had come to a standstill, real estate prices had fallen, all credit had been stopped. There was a rush to buy foreign exchange. Since September, an estimated $3 billion in bank deposits has been transferred by wealthy Iranians to accounts abroad. Rumors that the government will limit the flow of money?a move that it probably should have taken months ago?only served to spur the panic flight of capital, which last week was said to be running at the rate of $50 million a day. Meanwhile...
...linkage between the Israeli-Egyptian treaty and broader peace negotiations was too strong. The document called for the two nations to begin practical negotiations on Palestinian self-government within a month of the treaty's signing. Six months later, general elections were to be held on the West Bank and the Gaza Strip that would set up a functioning Palestinian administrative council...
...solution to the most difficult of all Middle East problems. To the 100,000 Arabs of East Jerusalem?indeed, to Arabs everywhere?Jerusalem is the third-ranking of Islam's holy places (after Mecca and Medina) and the obvious capital of any Palestinian entity set up on the West Bank. Says Anwar Khatib, former governor of East Jerusalem under Jordanian rule: "Without safeguarding Arab sovereignty over East Jerusalem, all other proposals will not stand...
...Cairo some days ago, an Egyptian bank clerk asked a foreign customer what the weather was like in Israel; the clerk and her friends are planning a spring vacation there. Easter should be particularly busy. Many of Egypt's 6 million Coptic Christians intend to make a pilgrimage to Jerusalem, which is their most holy city. Huge numbers of Israelis are eager to see the pyramids, which some think their forefathers built (historians are doubtful...
...fabled Mathematician John von Neumann, or just the Radcliffe summa who became the first of several modern women to break into high economic policymaking in Washington. A happy wife and mother of two, Whitman, 43, frames corporate policy as a director of Westinghouse, Procter & Gamble and the Manufacturers Hanover bank, conducts a weekly TV economics program, teaches at the University of Pittsburgh and travels everywhere advising officials on the global economy. Says Whitman: "I've advanced from a freak to a role model so fast that it sometimes leaves me dizzy...