Word: chases
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...once defined golf as a sport in which grown men brandishing sticks chase a little white ball around a big green field. He might have added that the field usually belongs to a lily-white country club. It is common knowledge that Birmingham's Shoal Creek Country Club has no black members, though the fact is not usually publicized. But last month, miffed when Birmingham politicians discussing the approaching Professional Golfers' Association championship tournament criticized his club's exclusionary practices, Hall Thompson, founder of Shoal Creek, offered a blunt defense: "We pick and choose who we want...
REPORTER-RESEARCHERS: Ursula Nadasdy de Gallo, Brigid O'Hara-Forster, Jeanne- Marie North, Jane Van Tassel (Department Heads); Audrey Ball, Bernard Baumohl, David Bjerklie, Rosemary Byrnes, Val Castronovo, Nancy McD. Chase, Oscar Chiang, John E. Gallagher, Lois Gilman, Tam Martinides Gray, Georgia Harbison, Michael P. Harris, Anne Hopkins, Katherine Mihok, Adrianne Jucius Navon, Nancy Newman, Susan M. Reed, Elizabeth Rudulph, Zona Sparks, William Tynan, Sidney Urquhart, Susanne Washburn (Senior Staff); Elizabeth L. Bland, Kathleen Brady, Barbara Burke, Wendy Cole, Tom Curry, Nelida Gonzalez Cutler, Sally B. Donnelly, Andrea Dorfman, David Ellis, Kathryn Jackson Fallon, Mary McC. Fernandez, Cassie T. Furgurson...
...banks, 14 are Japanese, led by giant Dai-Ichi Kangyo (assets: $413 billion). Five are European, topped by France's Credit Agricole (assets: $243 billion). Only one, Citicorp ($231 billion), is American. In fact, of the 50 largest banks in the world, only three are American: Citicorp, Chase Manhattan and BankAmerica. "U.S. banks are pygmies in a world of giants," says Lowell Bryan, a banking analyst at the consulting firm of McKinsey & Co. in New York City. "Although we have the largest financial economy, we have the smallest banks...
Global banking is inevitable. Says Thompson Swayne, who oversees Chase Manhattan operations in Europe, Africa and the Middle East: "As companies and markets go global, countries become less important and companies become more important. As they go global, their financing goes with them." But where the financing comes from, and who reaps the rewards, are exactly what the bareknuckle banking competition is all about...
REPORTER-RESEARCHERS: Ursula Nadasdy de Gallo, Brigid O'Hara-Forster, Jeanne- Marie North, Jane Van Tassel (Department Heads); Audrey Ball, Bernard Baumohl, David Bjerklie, Rosemary Byrnes, Val Castronovo, Nancy McD. Chase, Oscar Chiang, John E. Gallagher, Lois Gilman, Tam Martinides Gray, Georgia Harbison, Michael P. Harris, Anne Hopkins, Katherine Mihok, Adrianne Jucius Navon, Nancy Newman, Susan M. Reed, Elizabeth Rudulph, Zona Sparks, William Tynan, Sidney Urquhart, Susanne Washburn (Senior Staff); Elizabeth L. Bland, Kathleen Brady, Barbara Burke, Wendy Cole, Tom Curry, Nelida Gonzalez Cutler, Sally B. Donnelly, Andrea Dorfman, David Ellis, Kathryn Jackson Fallon, Mary McC. Fernandez, Cassie T. Furgurson...