Word: loan
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...increasing attack of the jitters over two works by the Austrian Expressionist artist Egon Schiele (1890-1918). Portrait of Wally, 1912, and Dead City III, 1911, were part of a large fall show of Schiele's drawings and paintings at Manhattan's Museum of Modern Art, all on loan from the government-financed Leopold Foundation in Vienna. The two paintings have long been claimed by descendants of Viennese Jewish families from whom the Nazis stole them in the 1930s. Right at the end of the show--in fact only hours before the works were to be crated for return...
...bank examiners, are themselves in varying states of insolvency. It didn't take much imagination to see how the dominoes might fall. A default in Korea would almost certainly trigger a massive banking crisis in Japan. U.S. banks would get swept into the mess not just because of their loan exposure to Asia but also as a result of the trillions of dollars in interest-rate and currency swaps, hedging contracts and other derivative deals that link American financial institutions to the region. For strategic as well as political reasons, Rubin & Co. believed, the Asian flu had to be contained...
...send a clear signal of determination around the globe. In a conference call on the morning of Dec. 21, Summers had asked the six other deputy finance ministers of the G-7 nations to make sure their largest commercial banks gave a hand by delaying Korea's loan repayments. Three days later in Manhattan, New York Federal Reserve Bank Chairman William McDonough met with six large banks to urge them to roll over loans to Seoul. McDonough also asked the bankers to delay the "margin calls" on currency swaps and derivative deals, which might help unravel the deal. The bankers...
...second wave of hold-on-theres followed. The press had overreacted, said the press. The press had led and misled the public. There were so many more important stories to cover, said the press (as if that had not been the case during Iran-contra and the savings-and-loan frauds, when no princess had died). Behind all that was the embarrassing feeling that journalism had been swept up in a popular moment that it ought to have dissected or belittled, and so then it did, in an effort to cleanse itself of having dealt with the sort of news...
Several members of the Campus Life Committee (CLC) can loan out the system, according to Samuel C. Cohen '00, CLC co-chair...