Word: largest
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Dates: during 1970-1979
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Analysts believe that Chrysler would be forced into bankruptcy without larger loan guarantees. Treasury Secretary G. William Miller said yesterday. Chrysler is the nation's third largest automobile manufacturer...
Chrysler announced Tuesday it lost $460 million in the third quarter of this year, the largest deficit ever for an American corporation...
Although they disagree philosophically with the notion of direct government intervention in private enterprise, administration officials decided to go ahead with the loan plan--the largest ever for a U.S. corporation--because of the seriousness of Chrysler's predicament, Miller said...
Trade protectionism prevents developing nations from paying bloated debts to Western bankers. The Third World owed more than $258 billion to Western governments and banks by the end of 1977, according to the World Bank. Brazil alone, the second largest Third World debtor, owed $19.3 billion at the end of 1977. As John Maynard Keynes once apocryphally said, if you owe the bank 100 pounds sterling it's your problem, but if you owe the bank 100,000 pounds sterling, it's the bank's problem. Western policymakers cannot afford to neglect the needs of their bankers' debtors when formulating...
That apparently ended the legal troubles that had dogged Cornfeld for seven years since the fall of I.O.S., which he started in the 1950s and built into the world's largest offshore investment com bine. At its peak in the late 1960s, I.O.S. managed assets totaling more than $2 billion in mutual funds alone; armies of I.O.S. "reps" rang doorbells everywhere to persuade people to put their savings into one or another of I.O.S.'s 130 in vestment outlets. Cornfeld, a onetime social worker, proclaimed that "everyone can be a millionaire." As if to prove it, he lived...