Word: bankes
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Dates: during 1970-1979
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...plane question settled, the Administration is now faced with the increasingly difficult task of getting the Middle East peace talks going again. Even before the Senate vote, Israeli Chief of Staff Lieut. General Rafael Eitan insisted that the country's defense required permanent occupation of the West Bank and Golan Heights. Said he: "The basic intention of the Arabs has not changed. They want to obliterate us." After the vote, Begin's ever firm attitude hardened still more...
...into the Italian subsidiary of Honeywell Corp. and set fire to a storehouse, destroying $1.1 million in electronic equipment. That attack followed a "kneecapping" (the technique developed by the I.R. A. in Ireland of shooting at the legs) of an Italian executive of the Milan branch of Chemical Bank of New York. The violence has caused some members of the international business community to think seriously about security. Said one Western diplomat in Rome: "I know more than one executive who's been doing some target practice with a newly bought pistol...
...late and dragged on like the flu, now begin promptly when Miller's digital watch shows the scheduled hour, then move quickly from issue to issue. One meeting lasted a record-short ten minutes. In 30 minutes two weeks ago, the board confronted and resolved four items of bank regulation. At another meeting, members agreed to permit transfers of money from savings to checking accounts, an issue that had been hanging around for two years. The vote was 6 to 0 - but only after Miller, a clever compromiser, crafted some changes that broke...
...result of the new rates, more companies will deliver letters to the Postal Service in bundles presorted by Zip code, for which they now earn a penny-a-piece discount; that discount will double under the new rate schedule. Security Pacific Bank, for example, will shortly mail all customer statements not from its 530 branches in California but from its Los Angeles headquarters, using automated equipment. Some businesses may turn more to private mail-delivery services; the Wall Street Journal, Reader's Digest and Time Inc. already use carriers to hand-deliver some papers and magazines...
...jets. A further quarter will be provided by internal cash flow generated by its policy of using speedy six-year plane depreciation (vs. about 15 years for most U.S. airlines). The rest, or about $450 million, will be financed externally. Says Pillay: "We shall approach the Export-Import Bank for about $360 million and get the rest from commercial U.S., European and Asian banks." If any part of the deal goes wrong, Pillay figures that he could get a loan from a "Middle Eastern country...