Word: bankes
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Dates: during 1970-1979
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Iran is beginning to find some ways around the economic measures taken against it by the U.S. The biggest difficulty has been surmounting the international banking tangle caused by Carter's order last month freezing more than $8 billion in Iranian assets held by U.S. banks. Because of it, no sizable bank anywhere in the world is willing to extend credit to Iran. Most banks are also unwilling to handle Iran's international transactions, with the important exception of the Swiss and Japanese. They have made it possible for Iran to keep making oil sales, which amount...
...showed that insulation was needed. Suppliers of thermal glass and insulation materials report strong sales across the country, although high interest rates have kept down new construction. Low-interest or no-interest loans for weatherizing are sometimes available through utilities. Along with how-to-do pamphlets like In the Bank ... or Up the Chimney, the Federal Government offers two types of tax credit: up to $300 for energy-saving devices, such as insulation and storm windows, and up to $2,200 for equipment that provides renewable energy, such as windmills and solar water heaters. Wood stoves are not eligible...
...sign of stress is known as the "Stock-holm syndrome," and on the basis of public comments by Quarles and Corporal William Gallegos, psychologists believe it has taken hold among the hostages. The syndrome is a kind of bonding between captors and captives, and is named for a Stockholm bank robbery in 1973 in which the hostages came to idolize their captors and ultimately refused to testify against them. In some cases, hostages have reportedly fallen in love with their jailers of the opposite sex, and the captors have become protective of their hostages. "When someone captures you, he places...
Just as a homeowner struggling with heating bills may turn to his bank for help, the have-not nations are hefty borrowers. Their loans from Western banks and international aid authorities have surged to a dangerously high $300 billion, and are expected to rise some $60 billion next year. The LDCs may be about to run out of credit to cover their bare requirements. Bankers are becoming increasingly cautious now that payments on their Iranian loans are in question, and they are under pressure to diversify their lending...
...hose operations, to quit his job and join the new company as chairman and president. Aided by the Ohio Public Interest Campaign, a group that works to encourage business development, and Youngstown Mayor J. Phillip Richley, the three men managed to raise a bit more than $2.5 million. A bank arranged $1.85 million in loans guaranteed by the Small Business Administration and the Economic Development Administration, and the city contributed $750,000 (by buying 33 of the plant's acres). Six managers bought $100,000 worth of Republic stock, or 40% of the total. Later about 90 other employees...