Word: bankes
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Dates: during 1970-1979
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...Shah that went back and forth between the embassy and Washington. Last week the White House acknowledged that there had indeed been much correspondence mulling over U.S. policy toward the Shah's sanctuary problem. A top Administration official further conceded to TIME that "Henry Kissinger, [Chase Manhattan Bank Chairman] David Rockefeller...
Instead he relied on television, volunteers and a massive telephone bank...
...went to the polls. And why not? By some estimates, the candidates spent as much as $75 million on free beer and assorted gifts (two staples: cheap watches and T shirts) as well as outright bribes to curry favor with voters. And as for the office seekers, they could bank on a rule of Kenyan politics that says that fewer than half of the sitting legislators ever get reelected. This year, as usual, only about half the incumbents retained their seats. Observed a Kenyan economist: "We don't shoot people in this country. We let the public...
...unanimously approved the Fed's actions, and the group's chief economist, Ken Thygerson, admits that it "was necessary to deal a lethal blow to speculation in the housing market." Ben Heineman, president of Northwest Industries, calls the program a "sensible way of checking inflation." Even Senate Banking Chairman William Proxmire, normally the central bank's most vociferous critic, endorses the program, saying it has had an important "psychological effect." The battle against inflation finally seems serious...
...reason for New York's continuing co-op strength is the presence of moneyed buyers, including many foreigners, who do not need or care to bare their finances to banks; nearly two-thirds of the city's co-op purchases are all-cash deals. Elsewhere, bankers and brokers are devising ways to ease the credit pinch on buyers. Some California brokers arrange deals whereby the seller acts as his own bank; he agrees to turn over his condo to a buyer in return for a so-called trust deed, which requires monthly payments directly from the buyer...