Word: moneymen
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What troubles Wall Street moneymen, however, is not Federal Reserve Chairman Paul Volcker's tight-money tactic, which they generally support, but the lack of an equally resolute stance on fiscal policy. Some bankers and analysts fear that the President's tax cut plans, plus his projected defense spending buildup, will more than offset the Administration's deep spending cuts elsewhere in the budget, and thus increase the need for federal borrowing. Interest-rate pessimists like investment bank Economists Henry Kaufman of Salomon Bros, and Albert Wojnilower of First Boston Corp., who have been nicknamed Dr. Doom...
...large American corporations and millions of acres of prime U.S. real estate. SAMA'S vast holdings of dollars, German marks and Japanese yen are a worrisome wild card in money markets from New York to Tokyo. Adding to SAMA'S menacing aura is its abiding secrecy. Western moneymen guard the identity of most Saudi investments lest they be blacklisted from SAMA's select roll of middlemen...
...average interest rate on SAMA's unadventurous investments has been about 10%, and as a top SAMA official admits, their return has not kept pace with U.S. inflation. Yet the Saudi moneymen remain cautious, in part because they are relatively inexperienced. Since the Koran forbids the charging of interest, Western-style banking came late to the kingdom, and even today the Saudis use such phrases as "service fee" and "return on investment" as euphemisms for interest...
...reduce its dependence on foreign counsel, SAMA is now feverishly training a cadre of young Arab moneymen. Boot-camp is the Saudi International Bank in London, owned by SAMA and six of the world's leading financial institutions, including Banque Nationale de Paris and the Bank of Tokyo. The apprentice Saudi bankers soak up seasoning from their more experienced colleagues and practice their skills by helping to manage the bank's $1.2 billion loan portfolio...
...soft-focus of the later Doris Day films). Indeed, one can find hints of the director's auto biography: a contrast between his pinchpenny past and his recent, glossier work. He appears here in the role of a "secret Resistance fighter"-against the Nazis on-screen and the moneymen of the new German cinema. But he puts up too little resistance to the lures of an international cast (including Giancarlo Giannini as a Swiss Jew, and Mel Ferrer as his father!), a multilingual film (the principals appear to be speaking English, which has been dubbed into German and subtitled...