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...antitank missiles, Smart argues, "marks a transformation that recalls the way in which the longbow enabled the English foot soldier of the 14th century to overcome the mounted knight. The Arab guiding his Snapper [antitank missile] to destroy a 50-ton tank has been refighting the Battle of Crécy." Indeed, for the first time since 1916, when the tank made its combat debut in the Battle of the Somme, a single infantryman armed with an antitank guided weapon was potentially an equal match for the armor-plated behemoth...

Author: /time Magazine | Title: The World: A Battlefield Post-Mortem | 11/12/1973 | See Source »

...Union des Banques Arabes et Françaises (or UBAF), formed in Paris in 1970 with more than $700 million in assets. UBAF is 40% owned by Crédit Lyonnais but controlled by 23 Arab banks. The president is U.S.-educated Mohamed Mahmoud Abu Shadi, former chairman of the National Bank of Egypt. UBAF has subsidiaries in London, Rome, Frankfurt, Luxembourg and Tokyo. Partners of these subsidiaries include several big European banks and The Bank of Tokyo...

Author: /time Magazine | Title: BANKING: The Gnomes of Araby | 6/25/1973 | See Source »

...also finds time to be a banker. As managing director of Crédit Lyonnais, the eighth largest bank in the world (assets: $15.7 billion), Saint-Geours is a proponent of the European movement toward multinational banking consortiums. The bank's two-year-old union with Germany's Commerzbank and Italy's Banco di Roma to form the CCB group is one of at least seven major liaisons; their main purpose is to provide big, convenient pools of capital in different currencies to help international firms expand. The CCB group commands assets of nearly $31 billion...

Author: /time Magazine | Title: EXECUTIVES: The Young Lions of Europe | 9/25/1972 | See Source »

...bureaucracy and then "parachuted" to a lofty position in business. He served with the French mission to the United Nations in Manhattan, later became the government's director of economic forecasts and had a hand in shaping France's monetary policy. Four years ago he moved to Crédit Lyonnais. Because the bank is really controlled by the government, the shift was much like a promotion within the government economic hierarchy...

Author: /time Magazine | Title: EXECUTIVES: The Young Lions of Europe | 9/25/1972 | See Source »

...Quoc, had set up a command post. As his battery of radios crackled in the background, Quoc reported that the situation around the town was quiet. It had better be. His retinue of lieutenants and enlisted men had been drinking Ba Muoi Ba brand beer and De Kuyper crème de menthe. An attack then would have been a disaster...

Author: /time Magazine | Title: The World: On Highway 13: The Long Road to An Loc | 4/24/1972 | See Source »

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