Word: bankes
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Dates: during 1970-1979
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...leftist prisoners in exchange for Moro. Among those on the list: Red Brigades Chieftain Renato Curcio, 37, now on trial in Turin for armed insurrection, and Mario Rossi and Augusto Viel, two members of a former gang called October XXII who gained notoriety for the killing of a bank guard during a Genoa holdup in 1971. Along with the communiqué came another plaintive, handwritten letter from Moro addressed to Christian Democratic Secretary-General Benigno Zaccagnini. It called the party's rejection of negotiations "wicked and ungrateful." The letter went on: "It is a matter of seconds rather than...
...deficit is not reduced below $61 billion, Miller has warned, the Federal Reserve will restrict the money supply and raise interest rates as an alternative way of fighting inflation. The Fed already has moved twice in the past two weeks to tighten up; last week, in response, Chase Manhattan Bank raised its prime rate on business loans a quarter point, to 8¼%. Democratic Economist Otto Eckstein says that a $25 billion tax cut would be "guaranteed to fail" if it leads to a tighter money policy. He favors both delaying the cut until Jan. 1 and shrinking...
...been using the rally to sell and diversify rather than to buy. Still, there has been a bandwagon effect as the majority of institutional investors have rushed in for fear of missing the upturn. Says Paul L. Smith, chief financial officer of California's Security Pacific National Bank: "These fellows are all scared of being left at the starting gate. The minute somebody starts to buy, the others don't want to get left...
Quebec politicians described Sun Life's move as "economic blackmail"; the federal government protested it would hurt "national unity." Still, some small companies have already quit Quebec entirely, and many big firms, including the Royal Bank of Canada, the Bank of Montreal, Northern Telecom Ltd. and the Royal Trust Co., have simply moved key departments. As long as managers worry about the possibility, however remote, of one day waking up to find themselves marooned in a small nation, some will continue to flee...
...half in her family's home in Hillsborough, Calif., since she was released on $1 million bail after 14 months in prison. But last week it looked as though Patty Hearst might have to go back to jail; the Supreme Court let stand her conviction for robbing a bank. Her lawyers immediately asked the federal judge who had given her seven years to reduce the sentence. If the judge says no, Patty will have to spend another 14 months behind bars before she is eligible for parole...