Word: latinized
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Dates: during 1980-1989
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...doing it. It was the first theater in the country to show The Harder They Come. Often their films are political footballs others won't touch, but they also show the most rock and roll movies in the area. They are also especially strong in exposing Brazilian and other Latin cinema as well as a smorgasbord of European movies...
...Volcker produced an immediate response from the bankers. Mexico's major creditors, led by New York's Citibank, announced that they were willing to renegotiate the interest rates and the timetable for payments. The banks remained reluctant, however, to grant similar concessions to other large Latin debtors because they have made less headway with their economic difficulties. Brazil's annual inflation rate is 210%, and Argentina's is an astounding...
Finance and foreign ministers from several Latin countries, including Mexico, Argentina and Brazil, are planning to get together next week in Cartagena, Colombia, to discuss their debt problems. But Citibank Chairman Walter Wriston dismissed fears that the Latin nations would join forces to withhold payments. Said he: "They would be cutting off their source of funds. They would be cutting their own throats by setting up a cartel...
...latest worries about Latin debt came as the U.S. banking system was still recovering from the shock of the near collapse in May of Continental Illinois Bank. The bank revealed last week the stringent terms that it had been forced to accept to receive an emergency $1.5 billion loan from the Federal Deposit Insurance Corp. The FDIC insisted that it have the power to fire Continental directors, that the bank suspend its 50?-per-share quarterly dividend payment and that the bank's officials refrain from giving themselves large severance bonuses, known as golden parachutes, in the event another...
...year business; of the effects of diabetes; in Paris. After joining Sotheby's in 1936 as a porter, the normally reticent Wilson became a nonpareil auctioneer, dubbed the "fastest gavel in the West." Rising to chairman in 1958, he set about overseas expansion, establishing offices in Europe, Asia, Latin America and the U.S., notably in New York City with the acquisition of Parke Bernet. His taste, timing and towering presence (6 ft. 4 in.) helped him to engineer precedent-breaking sales, including the first auction (1965) to use a television satellite to connect London and New York showrooms...