Word: bankes
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Dates: during 1970-1979
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...same speech, Begin said he stands by his statement that the summit agreements commit Israel only to a three-month freeze on settlement buildings in the West Bank and the Gaza Strip...
...competition will further blur the marketing lines between the older travel-and-entertainment cards like American Express, which grew up specializing in hotels, airlines, rental cars and restaurants, and the bank cards that originally focused on local retail purchases. Citicorp and other big banks that have been moving into cards and checks on a nationwide scale argue that they have been forced to do so in self-defense, claiming they have lost a lot of consumer credit business since World War II to other loan suppliers, including not only the card firms but department-store charge accounts and the auto...
Cheer from the World Bank...
While many industrialized nations have wobbly economies, the less developed countries (LDCs) are enjoying a period of good health that is likely to continue into the mid-1980s. That is the substance of an unexpectedly optimistic report last week by the World Bank. The economies of the non-oil producing developing countries expanded 4.9% last year, vs. 3.5% for developed nations. One reason is that bountiful harvests have substantially eased food shortages, especially in Southeast Asia. The effective use made of World Bank agricultural loans, which have increased 40% since 1973, was especially praised. The LDCs also benefited from...
...World Bank President Robert McNamara announced that starting in 1981, the bank will make loans totaling $500 million annually to enable Third World countries to begin oil exploration projects. That, too, should provide a continuing stimulus for growth. A major threat to further gains is the possibility that the developed countries will put up trade barriers against Third World exports. That would be self-defeating, warns the report, because only if the LDCs remain on the upswing can they continue to buy 28% of the manufactured goods exported by the industrial states...