Word: bondses
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But there is no doubt that the Jewish position is different from that of other ethnic minorities. The latter retain strong bonds with their mother countries for which they rally support (says California Congressman Thomas Rees: "Look what the Greeks did here during the Cyprus situation"). But no other foreign...
An ugly power play has unsettled the discreet and usually gentlemanly world of investment banking. Using their new financial strength, a number of Arab banks have threatened to pull their money out of major international bond issues unless the managers barred some U.S. and European banking houses from participating. The...
Some Government agencies, he argues, give perverse incentives to export scarce goods like wheat and cotton, and to export credit, which allows rich countries to buy U.S. goods at less than market prices. Last year Reuss suggested the creation of a congressional price-supply ombudsman to act as watchdog over...
These failures, and the near collapse of Security National, gave new urgency to a frightening question: Are many more of the 14,616 banks in the U.S. dangerously overextended? Undeniably, the tight squeeze on credit that the Federal Reserve applied last spring and is only now beginning to ease has...
The trend toward bigness made sense when it began in the mid-1960s. To accommodate the financial needs of a rapidly enlarging economy, banks had to grow-and were encouraged by Government regulators to do so. And bankers did not have to have their arms twisted to take full advantage...