Word: ets
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Dates: during 1980-1989
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After watching the TV coverage of the Republican Convention, I think the G.O.P. should demand equal time with that given to Cronkite, Chancellor, Rather, Utley, Brinkley, Walters, Brokaw, et al. I'm surprised we were permitted to hear all of Reagan's acceptance speech...
Because the federal investigators had constructed a well-documented case, Bethlehem chose to surrender rather than fight. Federal agents had learned that in 1972 Bethlehem entered into a conspiracy with a Swiss company, l'Office pour le Financement du Commerce et de l'Industrie, or OFCI. Protected by Swiss banking laws, OFCI collected from Bethlehem "commissions" amounting to $1.7 million. Most of this money was funneled back into the U.S. and into Colombia and Venezuela. It served as bribe funds to induce shipowners to use the Bethlehem yards. Federal prosecutors said that many payments were made in cash...
...Steven Spurrier, owner of the Paris wine school L'Académie du Vin, believes that to be a wise decision. Says he: "Moēt would be crazy to import Chandon Brut into France. In my opinion it is much better than their own Moēt et Chandon. They would be competing against themselves with a better-tasting wine at a better price...
...bases in Western money centers like Paris and London. On the elegant Champs Elysees, the National Bank of Abu Dhabi has taken over the former offices of Merrill Lynch. Near the Ritz Hotel on Place Vendome, discreet brass plates in Arabic script announce the presence of Banque Arabe et Internationale d'Investissement. All told, 32 Arab-controlled banks now operate in Paris. Some of London's toniest locations are occupied by eleven Arab banks, including the Bank of Credit and Commerce International. With 45 branches scattered throughout the country, it is one of Britain's fastest-growing...
...Arabs quickly realized, however, that they could learn about banking and also earn a better return on their investments if they linked up with established financial institutions. Starting about 1976, a number of partnerships were created, including the Saudi International Bank. Union des Banques Arabes et Franchises and the European Arab Bank. At the same time, Morgan Guaranty, Citibank and Chase Manhattan launched joint ventures with Middle East moneymen and began teaching scores of young Arabs complex arts like organizing loan syndicates on the Eurodollar market...