Word: bankes
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Dates: during 1970-1979
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...months ago, Italians as well as U.S. authorities were skeptical. Most believed that the native Sicilian had arranged his own disappearance. After all, he was about to stand trial in New York City on a 99-count indictment of financial finagling, and was wanted in Milan on charges of bank fraud totaling $225 million...
...even the populist Carter Administration has backed Volcker's high-interest policy. Yet banks have had plenty of money to lend anyway-perhaps too much. In the past month, the money supply has grown at an annual rate of 11.5%. Beryl Sprinkel, executive vice president of Chicago's Harris Bank, argues that this "hemorrhaging" must be stanched if inflation is ever to be curbed...
...rush to tangibles, including art and antiques as well as metals, reflects the spreading distrust of nearly all currencies after a decade of high inflation. People would rather bank what wealth they have in commodities and collectibles with intrinsic value that they can see and feel...
...including West Germany and Japan. In an attempt to remove from the money markets some of the excess dollars that provide cannon fodder for speculators, the IMF would replace as much as $40 billion with its own bonds. Now there are some $225 billion in dollars in foreign central bank vaults and $500 billion more in private hands outside the U.S. For a generation the dollar's dominant currency role reflected U.S. global might; its decline mirrors America's shrunken role...
...things to come. Whether trying to adjust to the automobile, a Big Mac or a Mickey Mouse telephone, Wells is a consistently appealing figure. After playing lots of reprehensible characters (A Clockwork Orange) McDowell exhibits a first-rate change-up. Even more surprising is Mary Steenburgen as the junior bank officer who converts both the Ripper's and Wells' antique pounds into dollars and is thus the crucial link in their chase. Her portrayal of a liberated woman fighting and loving in two centuries is a unique amalgam of vulnerability and slow-spoken shrewdness...