Word: deposite
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Despite such fears, an estimated 90% of the 115 billion petrodollars now on deposit throughout the world remain in Western or Japanese banks. Only about $12 billion has been transferred to Arab-controlled financial institutions. Concedes Bashir Zuheri, Syrian general manager of the London-based European Arab Bank: "The oil-exporting countries still have more confidence in American and European banks than they do in Arab ones...
...wouldn't want Gloria Vanderbilt, patroness of jeans and scioness of a famous family, for a neighbor? Some of the tenants at River House, one of Manhattan's tonier cooperative apartments, that's who. Last January Vanderbilt put down her deposit on a $ 1.1 million duplex. In April the purchase was vetoed by the co-op's board of directors on the ground that she was a public figure. Vanderbilt found that argument specious, since Henry Kissinger and Broadway Producer-Director Joshua Logan already live in River House. She has gone to court, charging that...
...fired both its abrasive chairman, Robert Abboud, 50, and its obstinate deputy chairman, Harvey Kapnick, 54, after their short but stormy tenure together and sharp earnings slumps. On the same day, First Pennsylvania Bank announced that it was to receive a mammoth $1.5 billion loan package from the Federal Deposit Insurance Corporation and 25 private banks, the largest rescue package ever put together to save an American financial institution from bankruptcy. In the case of First Penn, though, the executive exit had already taken place. Last July, John Bunting, 54, resigned under pressure as the chief executive officer because...
...output and nearly half the nation's total heavy oil production. The company last year paid an estimated $3.5 billion for the Kern County oilfields of Belridge Oil Co., which are believed to contain up to 375 million bbl. of heavy crude, by far the largest such deposit in the country. One of Shell's toughest competitors is California's Union Oil, which operates the Guadalupe field...
...Sweden. It has no petroleum, and so little coal that virtually none has been mined in 50 years. Its oil bill of $3.1 billion last year made it the world's largest per capita importer. On the other hand, the country has Western Europe's largest uranium deposit, the unmined 300,000-ton Ranstad lode in southern Sweden, which some regard as their future energy ace in the hole...