Word: bigs
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Dates: during 1960-1969
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...this free-spirited musical lark, another hapless hero, Robert Morse, plays opposite a real-life doll with the unlikely name of E.J. (for Edra Jeanne) Peaker. Informal to the point of plotlessness, the series romps through a tomato surprise of old tunes and new ones, comedy sketches and big production numbers. Old Pro George Burns helped tie together the opening-night proceedings with cigar-chomping asides and monologues. Another guest, Tony Randall, contributed a mix of roguish, debonair and fumbling antics. Other celebrities will appear in future weeks to goad the ingratiating team of Morse and Peaker along their song...
...Chase Manhattan Bank, which loves to portray itself as the friend of borrowers big and little, last week played that role to the hilt. The bank, the nation's third largest, cut its prime rate-the interest charge to its best business customers for loans - from 61% to 6%. The repercussions were plentiful, and in part acrimonious...
Choosing Sides. Yet that rally faded quickly. Next day dozens of other big lenders, led by Chase's archrival, Manhattan's First National City Bank, pointedly cut their prime rates by only half as much, to 61%. Only a handful went along with Chase. By such action, commercial banks took sides for a most un-bankerlike battle over the cost of business borrowing. The struggle confronted Wall Street with renewed uncertainties. When the exchanges reopened after a regular Wednesday trading holiday stock prices went down, only to come back a bit at week...
...actual strength. Those of bearish mind argue that higher income taxes will shortly begin to quell the consumer buying spree that has kept the U.S. economy humming. As evidence that there is little real steam behind the market surge, they cite the fact that trading volume on the Big Board has slipped below its spring torrent. The bulls point to such rosy predictions as last week's forecast by the National Association of Business Economists that the economy faces only a "brief hesitation late this year and early in 1969." Moreover, say the bulls, so much money is pouring...
...Sources. He has also limited formal votes at meetings. Votes are weighted according to subscriptions in the bank's capital stock; big members have sometimes irritated national pride by outvoting the numerical majority. McNamara met this problem by sounding out key directors before meetings, solving the objections that might prevent unanimous agreement. He has uncovered new sources of loan funds in such oil-rich countries as Saudi Arabia and Kuwait. He is already emphasizing the African and Latin American aid referred to in his speech. Last week the bank and its subsidiary, International Development Association, approved loans or credits...