Word: cincinnatis
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...E.S.M., a small company in Fort Lauderdale, built a seemingly thriving business by dealing in Government bonds, notes and bills, but when it collapsed in March, investigators found that many of the securities the firm supposedly had in its portfolio had disappeared. The scandal led to the failure of Cincinnati's Home State Savings Bank, which had invested as much as $150 million in E.S.M. That in turn sparked a run on savings institutions across Ohio. A month after the E.S.M. fiasco came the collapse of several divisions of Bevill, Bresler & Schulman, a New Jersey firm that traded heavily...
...himself as a Celtic. Bailey Howell may have been a better player in Detroit and Baltimore, but he is a Celtic. Though Wayne Embry was just a momentary understudy for Bill Russell in Boston, it is as if he never cared about having started all those years in Cincinnati. Carr reasons, "Everybody in sports is on an ego trip to a certain degree. We all grew up being patted on the head and pampered and told how great we were. But when you get into that green shirt, even if you were a shooter, you become a passer...
...Princeton or Yale, in regular-season competition or at the Eastern Sprints in mid-May. The Crimson heavyweights rebounded from early-season losses to Brown and seemingly indomitable Navy with an upset victory in the Sprints. The triumph qualified the varsity heavies for national championship competition at Cincinnati in mid-June...
Customers at Maryland's privately insured S and Ls have been jittery since the Ohio crisis, withdrawing about $630 million in two months. But like Ohio's episode, which was touched off by the failure of Cincinnati's Home State Savings, Maryland's full-blown panic started with trouble at just one institution. The run began when press reports revealed that Old Court's president and part owner, Jeffrey Levitt, had stepped down under pressure from the insurance fund, which was worried about the thrift's sloppy management and overly rapid growth. In three years, Levitt had pushed the thrift...
...National League, outfielder Dave Parker of the Cincinnati Reds received that league's honors for the second time in three weeks. Parker hit .462 with three home runs...