Word: manhattans
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Dates: during 1960-1969
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...board finally closed that loophole by imposing a 10% reserve requirement on borrowed Eurodollars. Thereafter, the banks circumvented restraint by issuing vast quantities of commercial paper ?unsecured promissory notes. Belatedly, the Reserve Board plugged that loophole by placing an interest-rate ceiling on commercial paper. Now, big Manhattan banks have found still another gap in the Federal Reserve's regulations. To raise funds for domestic loans, they have begun selling large-denomination certificates of deposit to foreign central banks, which have plenty of U.S. dollars...
...Sprinkel, senior vice president of Chicago's Harris Trust and Savings Bank. Henry Kaufman, partner in the Manhattan investment firm of Salomon Bros, and Hutzler, expects "a mild but sustained recession." He foresees a 15% to 20% drop in corporate profits...
ECONOMICS is the perilous profession, whose leading practitioners put their forecasts on the record in hard numbers almost every year. Members of TIME's Board of Economists, who met this month with the editorial staff in Manhattan and supplied much of the material for the accompanying cover story, made the following first predictions...
ENTERTAINMENT. Movies were more expensive, up 25? per ticket in Manhattan's Radio City Music Hall. The cost of watching a Pittsburgh Steelers home game rose from $6 to $7-plus a 15? surcharge to help pay for a now abuilding stadium, whose estimated price increased from $32 million last spring to $35 million at present. In the taverns of the steel city, the 15? beer could be found no more; it now costs...
...character by reciting her lines as if they were cabala. Hoffman, one of the shrewdest young actors in the business, manages to be at once predator and victim. But when the film tries to make the audience care for the characters, it proves bankrupt. For beneath the Manhattan chatter and the glossy confrontations, John and Mary is as empty as a singles bar on Monday morning. Leaning on the stars' reputations, it never bothers to show who the lovers are, or how they got to be that...