Word: manhattan
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Dates: during 1970-1979
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...service loan-seeking Communists, several American banks have opened offices in Eastern Europe. Bank of America, Citibank and Chase Manhattan have all gone into Moscow. Manufacturers Hanover Trust has an office in Bucharest, and First National Bank of Chicago has one in Warsaw. The business has been lucrative. Commissions and miscellaneous fees can add up to $2 million on a $200 million loan-and that does not count later collections of interest. In addition, Communist countries have a good record of paying debts promptly. Says one American banker: "There is a lot of merit in lending to a stable, centralized...
...concern about Comecon's mounting pile of debt. The Basel-based Bank for International Settlements has noted that the ratio of debts to exports -which determines a country's ability to repay loans-has reached a high level in some Communist countries. Bank of America, Citibank, Chase Manhattan and Manufacturers Hanover all conspicuously took no part in a recent $250 million loan to the Soviet Union's Foreign Trade Bank. Some Western banks are also trying to raise interest rates charged to Communist borrowers. They had been tacking a 1.25-percentage-point premium onto whatever rate they...
When 1,200 medical researchers assembled at Manhattan's Waldorf-Astoria hotel last week for the Sixth International Congress of the Transplantation Society, some of the loudest applause was given not to a physician but to a philosophy professor from Indianapolis. In 1959 the man, John Riteris, now in his early 40s, was stricken by severe kidney disease. Faced with the prospect of imminent death-or dismal years on a kidney machine-he agreed to what was then still a highly experimental treatment: replacement of his dying kidneys with one donated by his twin brother. Now, 17 years later...
...York City's former mayor John Lindsay. "I don't get that big of a jag out of shlumping along the street with all those people shoving and pushing behind some character who thinks he's a hero," she complained to the Westsider, a Manhattan weekly. Political groupies were also a bad trip, said Mary, who "had to compete with women for years as a wife of a very attractive man and a man in public life." John, now a practicing lawyer and part-time commentator on ABC's Good Morning America, had nevertheless steered clear...
Harry Crosby, a wealthy Bostonian of good family and, from his relatives' point of view, regrettable literary pretensions, painted his toenails red one December afternoon in 1929 in a Manhattan apartment he had borrowed from an artist friend. He lounged in bed a while, swigging Scotch companionably with his mistress, Josephine Rotch Bigelow, a beautiful young married woman from another prominent Back Bay clan. Then, apparently with her enthusiastic approval, and in the best of moods, he killed her with a pistol, and a couple of hours later shot himself. The soles of his feet were found...