Word: bankes
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Dates: during 1970-1979
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...Sadat proposal gave no ground either. It called for the withdrawal of Israeli forces and settlements from both territories, under the supervision of the United Nations. In a five-year transition period, during which a final agreement would be negotiated, the West Bank would be under Jordanian authority and Gaza returned to Egyptian protection. The plan also demanded the return of East Jerusalem to Arab authority; the Arab section of the Holy City has been formally merged with Israeli West Jerusalem since...
Although Begin and Dayan gave the U.S. Vice President a cordial welcome, TIME has learned that other high-ranking officials actually orchestrated several noisy "Mondale go home" demonstrations by members of the religious nationalist Gush Emunim group, which has sponsored a number of West Bank settlements. On one occasion, a police truck was used to transport demonstrators to different spots along the Vice President's route, where the noise from shouting and horn honking frequently drowned out Mondale's conversations with his hosts. Said one high-ranking source about the demonstrators: "The orders to let them through...
...about the London meeting. Sadat was equally gloomy, but he nonetheless agreed to send Foreign Minister Mohammed Ibrahim Kamal in the hope that somehow his Jerusalem initiative might be revived. If the Israelis show interest in accepting the basic principle of Sadat's plan-custody of the West Bank to Jordan, Gaza to Egypt-then it will be viewed in Cairo as a sign of progress. In light of what the Egyptians feel is a hard line by Begin, Sadat has revised his timetable for peace. Says one of Sadat's top advisers: "We're now thinking...
...Proxmire also claimed that Miller was not expert enough in financial markets. In fact, Miller had been a director of the Boston Federal Reserve Bank for seven years, and FORTUNE judged him "a whiz" at managing Textron's pension funds. In early 1974 he took management of those funds away from banks and shifted most of their assets from stocks into bonds. The move was well timed and caused Textron's pension funds to prosper far more than funds generally from then...
...high, that there really will be a recession. Characteristically, he put it to Taber in tones of promise rather than threat: "The Fed fits into this model in a rather selfish way. Any economic strategy that works toward lessening inflation will inevitably lessen the pressure on the central bank," and allow it to put out enough money to promote his cherished 4% growth rate...