Word: financee
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Dates: during 1960-1969
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Is the Western world stumbling toward another gold and monetary upheaval? An increasing number of bankers and economists fear that it is. "The international monetary situation is still unstable," says President Karl Blessing of the West German Bundesbank. South African Finance Minister Nicolaas Diederichs has repeatedly predicted that an international...
Chatô himself was more pirate than pachyderm. He loved to swoop down on an Old Master for sale on the New York art market and carry it off before slow-moving U.S. museums could get their boards of trustees to approve its purchase. He liked to boast that he...
After putting in 40,000 man-hours of work, Forward Thrust developed a working program that would cost $5.5 billion to realize-also much too expensive. While part of the committee pared this down to essentials-like a new stadium, storm sewers, a rapid-transit system and parks-other men...
It has blocks of stock in insurance firms, steel corporations, a leading tourist organization, the Lancia automobile company and several construction firms. As the largest shareholder in Generale Immobiliare, Italy's largest construction firm, the Vatican helped finance the Rome Hilton and the huge Watergate apartment complex in Washington...
Marcinkus' new job is not all high finance. The bishop-banker grants subsidies to needy dioceses and disburses the money for the salaries of Vatican employees, from cardinals on down to sacristans. Anyone who resides within the walls of Vatican City is entitled to bank at the institute.