Word: morgans
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Dates: during 1980-1989
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Seven people were killed, including Linda Frazier, 38, an American journalist who worked for an English-language newspaper in San Jose. Among the 28 injured was Pastora, who suffered first-and second-degree burns on his face and shrapnel wounds in his legs. Seriously hurt was Susan Morgan, a Newsweek stringer whose legs and arms were fractured. Some could crawl out of the building, but others lay moaning in the wreckage for nearly an hour before being pulled out. Two hours passed before a doctor and two nurses arrived...
...Warned TIME Board Member Lester Thurow, an economics professor at the Massachusetts Institute of Technology: "You could get a dollar shock that could push the inflation rate close to the double-digit level a year from now." Rimmer de Vries, chief international economist for New York City's Morgan Guaranty Trust, said that the dollar may stay strong for a while longer, but acknowledged that the financial markets fear a big drop in the U.S. currency...
...went so far as to pledge that all the bank's depositors and creditors would be "fully protected." In addition, the Federal Reserve Board, which had also been supplying credit to Continental, promised to continue doing so until the bank's problems have been solved. And the Morgan Guaranty-led bankers, strengthened by the addition of twelve members to their group, put up $1 billion of fresh credit. Said a Continental officer: "If this can't restore confidence, I don't know what...
...disguise payments made to Winans for the tips, Brant and Felis wrote checks to Carpenter. Phony invoices were created to give the impression that Carpenter was being paid for interior decorating work. On Jan. 29, Carpenter deposited a $10,000 check written on Felis' account at Morgan Guaranty Trust with "drapes" written on it. Despite their careful precautions, the scheme began unraveling in February. Tipped off by the American Stock Exchange about trading irregularities, the SEC began questioning Clark and Brant. At one point, Brant showed up at Clark's law office in a "state of high emotional...
...apologizing for his actions last week, Clark vigorously denied the charges. Said he: "I had no idea that any money changed hands between Mr. Brant and Mr. Winans." Clark said that $1.2 million was taken from his account at Kidder Peabody and deposited in Brant's account at Morgan Guaranty Trust without Clark's knowledge...