Word: kingdom
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Dates: during 1980-1989
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...seems easier for everyone, however, to give three cheers and subsume the flames that came from Brixton and Manchester and Liverpool in the more congenial firelight of the wedding-eve pyrotechnics at Hyde Park and the 101 celebratory bonfires ignited all over the kingdom, from Scotland and Wales to the Shetlands and the Scillys, even to the embattled north of Ireland. "When politics are in rather a mess," remarks Lady Elizabeth Longford, a historian and biographer, "any institution that is above politics gets an extra dose of glamour...
Three bicyclists zip around the stage of off-Broadway's Orpheum Theater in a play that concerns the nimble revolutions of the heart. Philip (Ben Masters) and Lisa (Brooke Adams) are lovers. As free spirits in the modern kingdom of swing, they do not live together. But Lisa would like to be much less free. When she proposes an exchange of apartment keys, the specter of impending matrimonial claustrophobia chills Philip. Michael (Mark Blum), a chance friend, has a reverse problem. His unseen bride of less than a month has deserted him for a fling with her music teacher...
Guarding and investing much of the $117 billion or so that Saudi Arabia is now receiving yearly from oil exports is the responsibility of SAMA, and the money from oil knows no religion. In the past eight years, the kingdom's reserves of surplus petro earnings have swelled more than twenty fold, to at least $100 billion. As a result, SAMA, the country's central bank, has loomed as one of the most powerful and potentially threatening players in all of international finance. If it chose to do so, SAMA could buy scores of large American corporations...
...investments has been about 10%, and as a top SAMA official admits, their return has not kept pace with U.S. inflation. Yet the Saudi moneymen remain cautious, in part because they are relatively inexperienced. Since the Koran forbids the charging of interest, Western-style banking came late to the kingdom, and even today the Saudis use such phrases as "service fee" and "return on investment" as euphemisms for interest...
...that year Abdul Aziz al Quraishi, now 51, became the first Saudi to hold SAMA's purse strings. A member of the kingdom's expanding corps of Western-educated technocrats, Quraishi has a master's degree in business administration from the University of Southern California, but has had to learn about banking through on-the-job experience. A trio of early outside advisers helped him to master the mysteries of global high finance: John Meyer, onetime chairman of New York's Morgan Guaranty Trust, Alfred Schaefer, once chairman of Union Bank of Switzerland, and Robert Fleming...