Word: bankes
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Dates: during 1970-1979
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...crop. For one, oil companies owned the water rights to the greater part of their land, and that limited their ability to irrigate. They could not meet a $225,000 mortgage payment. This month the ranch was put up at public auction, and former Owner Dennis Nix and his bank bought it back for $1,151,000. After losing most of their life savings, the Mennonites still face deportation, since it is considered doubtful that Bentsen's bill will pass...
...Soviet law does not make such appeals very rewarding for people of scant means. The rules provide only for the return of seized property and bank accounts as well as for a payment of two months wages, based on the victim's salary before imprisonment. Though he stands to gain little from his suit, Maloumian already feels amply paid by the irritation that he believes his case has caused Soviet officialdom. "The Soviet Union cannot possibly compensate for the years they took away from me," he says. "If I keep on fighting, it is to help my comrades...
Talk about embarrassing moments. There was Treasury Secretary Michael Blumenthal in San Francisco's tony Beethoven's restaurant with a hefty dinner bill, an expired Visa card and a waiter demanding extra identification for an out-of-state bank check. Blumenthal solved his predicament uniquely: producing a dollar bill, he invited the waiter to match the check signature against the neat W M Blumenthal inscribed on the greenback's lower right-hand corner...
...addition, Americans are using many sources of credit over which the Federal Reserve has little direct control. Sears, Roebuck and other retail chains are pushing instant credit, as are finance companies, credit unions and similar "near banks." Moreover, bank depositors can lay their hands on credit and cash around the clock by sticking plastic cards into street-corner automated teller machines. Says Finn Caspersen, chairman of Beneficial Corp., which charges up to 20% interest on personal loans: "The consumer is borrowing today's dollar to get today's goods and is paying back with tomorrow's inflated dollars...
Davis said the trustees should divest of their common stock in corporations active in South Africa because their sale of the bank deposits indicates they "agree with the philosophy of divestiture...