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...Chase Manhattan Bank $2.95 billion and Manhattan's Bankers Trust and Manufacturer's Hanover Trust an additional $1.5 billion. Outwardly, many of Texaco's creditors and lenders are serene about the situation. But at one major Manhattan bank with several hundred million dollars' worth of Texaco corporate notes on deposit, a senior executive admits to "angst and anxiety" over the bankruptcy filing. Venezuela's state-owned oil company has hinted that it may shut off shipments of crude to Texaco; the Venezuelans have been discussing the matter with Texaco Chief Executive James Kinnear...

Author: /time Magazine | Title: A Break in The Action | 4/27/1987 | See Source »

...made. In addition, individuals or small groups can go off to restaurants on their own, although because of the language barrier it is best to have the hotel or tour guide engage a taxi and call the restaurant. Even so, reservations may not be honored unless a deposit or, at times, the full price of the meal has been paid in advance...

Author: /time Magazine | Title: Food: From Peking To Canton | 4/13/1987 | See Source »

...donation, for 44 cents, came from a woman who confessed to reusing two postage stamps. A gift of $2,000 came from an anonymous donor who wanted to clear his conscience with "the IRS and with God." The largest deposit -- $50,000 from a man who gave no reason for sending the money -- helped to set a new record for contributions to the Federal Government's "conscience fund," the account made up of donations from guilt-ridden citizens. In 1986 the fund tallied $380,929.49 -- greater than any year since the fund was established in 1811, when an anonymous donor...

Author: /time Magazine | Title: Guilt: Settling with Uncle Sam | 3/30/1987 | See Source »

...steady reinfiltration into Lebanon of P.L.O. forces, which were pushed out by the Israelis, that provoked the rival Amal to attack and isolate the camps. In the past two years, an estimated 3,500 P.L.O. fighters have returned to Beirut and southern Lebanon, mostly by ships that deposit them in coastal areas...

Author: /time Magazine | Title: On The Brink of Cannibalism | 2/23/1987 | See Source »

...bricklayers union reduced its overhead on 18 units of moderate- income housing by obtaining a $1.5 million construction loan from a local bank at below prime rate. The reason for the discount: the union agreed to invest $1.5 million of its pension fund in the bank's certificates of deposit. In nearby Somerville, Mass., the nonprofit Somerville Corp. used $484,000 from a 1984 federal Urban Development Action grant to attract more than $2 million in other funding. The money enabled Somerville Corp. to build 32 red cedar town houses for local residents on the site of a former school...

Author: /time Magazine | Title: Building From The Bottom Up | 2/9/1987 | See Source »

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