Word: branche
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Dates: during 1960-1969
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Most of the line's ships are built at MØller's Lindoe shipyard near Odense. Of 54 ships launched there in the past ten years, 31 fly the seven-pointed star. But even without the shipping line, the shipbuilding branch would probably be in the black. The boom that followed the closing of the Suez Canal left order books bulging, with some delivery dates as far ahead as 1970. Eleven ships with more than a 2,000,000-ton capacity are on order at Lindoe, including two 240,000-ton tankers for Esso...
...Tainted" money--research money from some sinister branch of the military or intelligence--has assumed a huge importance lately. Foremost in the minds of those who want to establish a joint committee to investigate University complicity in the war in Vietnam are the questions: How many Harvard faculty members have been doing research with this "tainted" money? And, are they helping to prosecute the war with their research...
Michigan law puts tight controls around the expansion of banks. There is an absolute ban on the bank holding companies that are familiar throughout the rest of the country; no bank can open a branch farther than 25 miles from its home office, or in a town where another bank is already established. The rules are so strict that the recent acquisitions made by a crew of young businessmen known as "the Parsons Group" seem a blatant invitation to the bank examiners. In the past three years, Donald H. Parsons, 37, and his 15 associates, have bought control of seven...
Everything they have done, however, has been cautiously legal. With one basic tactic, Parsons and his partners have escaped the onus of becoming a bank holding company and evaded the restrictions of branch banking. They have simply set up a new and separate partnership to take over each bank. And Michigan has more than its share ready for takeover. In the Depression days of the early '30s many small Michigan banks were bought up by Reconstruction Finance Corporation examiners who had worked over their books and recognized their long-term potential. Those ex-examiners have now reached retirement...
...Organization of Latin American Solidarity is dedicated to severing root and branch every trace of United States domination in the hemisphere--political, economic and cultural. The men who met in Havana last summer called it the liberation of Latin America from Yankee imperialism, and the program they finally wound up with was just as blunt and fiery as the language they used...