Word: centralizes
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Dates: during 1970-1979
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...Chicago, Tish married Robert Hollensteiner, a real estate executive who, among other things, has the advantage of being nearly four inches taller than Tish. They live with their son Malcolm, 11, in a twelve-room cooperative apartment on Fifth Avenue overlooking Central Park. Daughter Clare is away at the boarding school Tish attended, Miss Porter...
...dollar came under selling pressure again last week and gave up some of the gains it had made early in the rescue program. The selling came primarily from exporters in various countries who played what New York Money Trader Claude Tygier called "a cat-and-mouse game" with central banks. Having acquired dollars by selling their products, the exporters sold some of those greenbacks in order to test whether the government bankers really were determined to support the price...
...Federal Reserve Board and the central banks of Germany, Switzerland and Japan did in fact buy up enough dollars to hold the price well above the lows established in the pre-Halloween panic. But it was clear that the dollar has not yet developed any upward momentum of its own, and will not until Carter can convince the hard-bitten cynics of the exchange markets that the U.S. is prepared to follow a tough anti-inflation policy as long as may be necessary. Said Walter Seipp, vice president of the Westdeutsche Landesbank in Düsseldorf: "Everything depends on whether...
...fastest-growing U.S. ad firms, handling such heavyweights as Gillette, Heublein and Paine Webber. Erwin Wasey, a West Coast firm that joined the Interpublic fold in 1963, and Detroit-based Campbell-Ewald, a 1972 acquisition, have also prospered. The parent company decides basic policy, sets annual goals and provides central services such as legal, financial and marketing support, but the agencies are left to fight for clients on their own. Says SSC&B President Alfred J. Seaman: "If we had a new business prospect, I would want us to compete just as hard against McCann-Erick-son and Campbell-Ewald...
Author Israel, a Manhattan publishing executive who lived for four years in Paris, writes intimately and amusingly about France, its people and institutions. Where else would you learn that the national anti-narc bureau is called the Central Office for the Repression of the Illicit Traffic of Stupefiers...