Word: marylands
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...neighborhood banks across the U.S., an invasion of financial giants is at hand. Big-city institutions are breaking through the legal barriers that once confined them to their home states. New York's Citicorp, the most aggressive of them all, gained important ground last week by persuading the Maryland legislature to allow the bank to set up branches in the state. The new law gives the same privilege to any out-of-state bank that promises to invest at least $25 million in Maryland and create a minimum of 1,000 jobs. In Citicorp's case, the bank plans...
...Most Maryland bankers strongly opposed the legislation because Citicorp (assets: $151 billion) is more than seven times as big as all of Maryland's 89 banks combined. But Governor Harry Hughes promoted the move as an economic stimulant, a tactic that Citicorp hopes will appeal to other states...
...together and enjoys wide support from the people." On Capitol Hill, the House Foreign Affairs Committee saluted the results by relaxing strings attached to $377.9 million in military and economic aid, $54.5 million less than what the Reagan Administration requested for El Salvador this year. Democrat Michael Barnes of Maryland, a leader in the demand for tough human rights restrictions on aid to El Salvador, termed the election results "a very positive development...
...Parkinson's researchers at the National Institute of Mental Health (NIMH), who joined the hunt to identify the deadly ingredient in samples of the drug obtained by police. Their task was made easier by an alert toxicologist at the county crime laboratory, who recalled the 1977 case of a Maryland graduate student who had developed Parkinson's symptoms after injecting himself with a home-brewed opiate. The student had been trying to produce MPPP, a substance similar to the pain-killer Demerol, but had accidentally created a related chemical called MPTP. Langston asked Stanford University Chemist Ian Irwin to test...
Dozens of states, cities, unions, and churches have divested their monies from South African holdings. This group includes Connecticut, Massachusetts, Boston, Maryland, New York, the United Auto Workers, Ohio University, Michigan State, Wesleyan the University of Massachusetts, and the Harvard Law Review. Taking a stand against Harvard's investment assumes primary importance now because it is only President Bok's personal campaign against divestment which has conferred any legitimacy at all on the untenable and fading proposition that universities should not care where these invest...