Word: morgans
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Dates: during 1980-1989
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...Edward Morgan Forster might now be remembered as an Edwardian novelist of great promise and slender accomplishment. Two acts rescued him from such oblivion. He wrote A Passage to India (1924), a novel that not only surprised friends who thought he had dried up as an author but also made him world famous. And he lived for 91 years, well beyond such contemporaries as James Joyce, D.H. Lawrence and Virginia Woolf. To a remarkable degree, Forster ensured his claim on posterity by outlasting...
...divided; Cohenour sings four of eight weekly performances; Ronstadt three, and another Mimi, Caroline Peyton, the remaining show.) The sweet-voiced Cohenour and her surprisingly strong Rodolfo, Country Singer Gary Morris, seemed lyrically in love. The other leads, a fine Marcel (Howard McGillin) and a brilliant Musette (Cass Morgan), took fire from them. The night before, Ronstadt and her Rodolfo, David Carroll, had sung at and past each other without making contact, and the rest of the cast was in shock...
This foreign debt is owed primarily to nine major institutions: BankAmerica in San Francisco, First Chicago and Continental Illinois in Chicago, and Citicorp, Chemical, Chase Manhattan, Manufacturers Hanover, Morgan Guaranty and Bankers Trust in New York City. Together they have $54 billion on loan to Latin America and the Caribbean. That represents a disturbing 157% of the banks' capital, which is the portion of their assets that belongs to the institutions themselves and their shareholders, rather than depositors. In a more limited way, dozens of regional banks, including Milwaukee's First Wisconsin Corp., National Bank of Detroit...
...because their stakes are small. The bigger banks, by contrast, are in so deep that they have no choice but to keep on lending. If they were to demand repayment, the economies of Latin America would deteriorate and defaults might result. Rimmer de Vries, chief international economist at Morgan Guaranty, projects that U.S. bank loans to developing countries will rise by about 5% annually during the next few years...
...that is history. The Administration now must keep the economy humming along. Says Rimmer de Vries, chief international economist of Morgan Guaranty Trust: "The top priority is to make sure the economic expansion continues." The U.S. recovery is about to celebrate its second birthday. Since World War II, the average upturn has lasted about four years, and so it is unlikely that the Reagan Administration will go through its entire second term without another economic dip, perhaps a sizable...