Word: clausen
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Dates: during 1980-1989
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...world job for A. W. Clausen...
...midst of trying to round up final stray votes on the campaign trail, Jimmy Carter last week took time out to nominate Bank of America President A.W. (Alden Winship) Clausen, 57, to succeed Robert S. McNamara, 64, as president of the World Bank. The White House made the announcement now in order to head off growing sentiment among the 138 nations making up the World Bank that it was time for a non-American to head the organization. Ever since the World Bank and the International Monetary Fund were jointly founded in 1944, the bank has been headed...
...increase some 12% this year, compared with 10% for the nation as a whole. And they earn their living from such diverse enterprises, ranging from pistachio nuts to microchips, that the economy seems capable of adapting to almost any new trend or demand. Says Bank of America President A.W. Clausen: "The California economy is a different story altogether from that of the rest of the country. At the worst, we won't slip into a recession...
...divorce that apparently triggered a 1979 outburst by former Marine Charles Pettibone. He went to the Santa Rosa office of Congressman Don H. Clausen and was distressed to find him out. He held a knife at a security guard's neck for two hours until FBI officers got him to surrender. Attorney Steinberg got Pettibone acquitted on the argument that a sense of helplessness had catapulted him back to his Viet Nam days, rendering him effectively "unconscious...
...World indebtedness. New York Investment Banker Felix Rohatyn with grave concern calls the situation a "highly unstable base for our system." Banks will undoubtedly have to "roll over" or refinance some debts, just as many strapped households consolidate their old loans. David Rockefeller and Bank of America President A.W. Clausen also stress that the IMF will have to carry a heavier share of Third World borrowing, especially from the poorest countries like Zaïre. With some carefully formulated borrowing from the rich in order to lend to the poor, the world's financial system should withstand this severe...