Word: casey
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...Chairman William J. Casey, formerly head of the Securities and Exchange Commission and Under Secretary of State, complains that the Jackson-Stevenson restriction would hinder the bank's ability to compete in a fast-moving global credit market where time is money. The House has yet to draft an Ex-Im bill, but opposition to the bank's recent policies is even stronger there than in the Senate...
...borrowings from commercial banks, the Soviets are getting Ex-Im money at 61/2%. Iran is paying around 6% on Ex-Im loans of $877 million to finance such things as oil refineries, airplanes and diesel locomotives-even though, as Scoop Jackson points out, Iran is awash in oil dollars. Casey persuasively defends the rates as competitive with those charged by export-finance agencies in Britain, France, Japan, Canada, Italy and Germany. If the Soviets and Iranians cannot get cheap credit from Ex-Im, he says, they will go elsewhere, and U.S. exporters will lose their business...
...Casey says that such deals are necessary to stabilize the balance of payments and strengthen the dollar abroad. In general, the bank has done an effective job of promoting U.S. exports; but in an era when international economic relations are increasingly fraught with political significance, Ex-Im's leaders hardly hope to avoid closer congressional scrutiny of their policies. Restrictions that would weaken the bank's competitiveness, though, could hamper America's trade drive...
...York Yankees for 21 years; of emphysema; in Miami. A topflight amateur golfer in his 20s, Topping bought a piece of the Yankees in 1945, became co-owner and president two years later. He caused major rhubarbs by firing two pillars of the Yankee dynasty, Managers Casey Stengel and Yogi Berra, but won 14 American League pennants before quitting the front office in 1966. Sleek, perennially tanned, Topping was married six times (to Actress Arline Judge and Skater Sonja Henie, among others), divorced five...
When Alvin Dark took over as Oakland's manager this spring, he said he had a model for the job. It was not John McGraw, Miller Huggins, Casey Stengel, or any other successful field boss. "The past few years," announced Dark with a straight face, "I've tried to think of how Jesus Christ would handle ballplayers...