Word: chink
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This week a significant chink may open in the Glass-Steagall wall. The Fed is expected to rule on the application of three major New York banks -- Citicorp, Bankers Trust and J.P. Morgan -- to begin securities underwriting. Their application depends on an interpretation of Glass-Steagall that would allow a modest amount of such activity within a bank holding company. The five Fed governors are believed to favor their bank petition. But those worthies were warned last February by Robert Downey, a partner in prestigious Goldman, Sachs, that such a decision could "change the financial world forever...
...Czars through a history that owes little to the West. As for the new gatekeeper, he will reveal himself when he and the state from which he is inseparable are ready. In Speak, Memory, Nabokov tells of awakening mornings in the Russia of his boyhood and glancing at the chink between the white shutters to see what the new day proffered: gloom or "dewy ( brilliancy." The West has no shutters it can open, and the glimpses it gets show almost nothing. This is the way we have learned to live with our adversary, looking eagerly and skeptically into the dark...
Trailing 1-0, Templeton's double ignited a three-run fifth inning against Cubs right-hander Dennis Eckersley. The Padres finally had found a chink in the Cuba pitching armor, which had held San Diego to only 11 hits and two runs in the two previous playoff games, which Chicago had won at home...
...there was any chink in his armor, it was up high, especially right under the crossbar. Just ask Wayne Turner, who lifted one over a flopping O'Connor in 1980 for the biggest goal in Husky history. Or ask Harvard's Dave Burke, whose insurance goal in the waning minutes of the '81 final made an unforgettable clang as it caromed off the bar and into the net. Or ask Burke's teammate Mike Watson, who scored the last goal O'Connor gave up in college hockey into the top of the net in the ECAC playoffs last March...
...Silverman was packing up his records, he received fresh allegations from the Justice Department that Donovan had met in Miami with William Masselli and Albert ("Chink") Facchiano, a convicted loan shark and former captain in the Genovese clan, to set up no-show jobs for mobsters on Schiavone construction sites. In mid-July, Silverman reopened his investigation, determined to dig deeper into the alleged links between the Genovese family and Schiavone. In his first probe, he had questioned the elder Masselli and Buono, who is reputed to be a Genovese captain; Silverman decided to interrogate them again, and also...