Word: lynching
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DUNE Directed and Written by David Lynch...
...Merrill Lynch is bullish on the whole medical field. Says one of its top stock market strategists: "The health business is bound to be good. People want good medical care, and there will always be a demand for the services that health care corporations provide." For Humana, that sounds like a prescription for continued healthy profits...
...began shifting underneath the bankers. Money-market mutual-fund accounts, for example, which were invented in 1971 by Wall Street Mavericks Bruce Bent and Henry Brown, offered interest rates of 8% or more at a time when passbook savings accounts at banks paid only 4½%. In 1977 Merrill Lynch jolted bankers with its Cash Management Account, which combined stock brokerage with savings and checking accounts...
Over the past five years financial powerhouses, including Prudential-Bache and Shearson Lehman/American Express, have become banks in everything but name. Said Walter Wriston, former Citicorp chairman: "The bank of the future already exists, and it's called Merrill Lynch." Three weeks ago, Equitable Life, the nation's third-largest insurer, joined the parade by paying about
...bankers try to diversify into new financial services, in order to compete with Sears, Merrill Lynch and the other money bazaars, they are pushing boldly into once forbidden fields, including insurance, stock brokerage and interstate banking. Congress has been slow in passing legislation that would control entry into these areas, so financiers have gone ahead on their own. Says C. Robert Brenton, former president of the American Bankers Association: "The Government has no vision for the evolution of the financial-services system in this country. We are quickly putting together a jerry-built financial structure, which includes flaws that work...