Word: major
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Dates: during 1970-1979
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...accounts overseas. Many of those accounts, including the bulk of the frozen Iranian assets, are located in the foreign branches and subsidiaries of U.S. banks. The funds are not under the jurisdiction of Washington at all, but of the banks' host countries. The key country is Britain, the major center for the Eurodollar market; banks in Paris, Frankfurt and Geneva also hold large Eurodollar deposits that technically lie outside U.S. jurisdiction...
...nationalization of the banks and most private industry. A few years ago, the membership of the Iran-American Chamber of Commerce was a Who's Who of U.S. business. From A (Allis-Chalmers Overseas) to X (Xerox), the list numbered close to 250 and included practically every major U.S. company in international trade...
...some of the excitement was gone as Reagan sought to sound more calm and reasonable, he had cause to believe that the political climate had moved his way. Certainly within his party, the ideological gulf has narrowed since 1976. His three major opponents, Howard Baker, George Bush and John Connally, are about as conservative as Reagan...
...situation and utterly refuses to live within its means." He labeled the nation's economy a "disaster" and blamed it on a Federal Government that "has overspent, overestimated and overregulated." He lamented the fact that "the great productivity of our industry is now surpassed by virtually all the major nations that compete with us for world markets." He complained that "our defense strength has deteriorated." He blasted U.S. failure to reduce its dependence on foreign...
...about 30 miles south of Chicago. The town was regarded by urban experts as a model of intelligent planning. In 1968, Klutznick founded the Chicago-based Urban Investment and Development Co.; two years later the firm was sold to Aetna Life & Casualty for more than $52 million. His latest major project was Water Tower Place, a 74-story, $195 million showpiece on Chicago's North Michigan Avenue. The complex includes the 20-floor Ritz-Carlton hotel, 150 stores and 40 floors of high-priced condominiums. Klutznick and his wife Ethel occupy one of them near the top floor...