Word: morgans
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Dates: during 1980-1989
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Under the circumstances, small banks may be frightened enough to stop lending internationally. Geoffrey Bell, a former British Treasury official, believes that of the 1,200 banks active in international loan syndicates in 1981 "only half are likely to remain." Morgan Guaranty Trust Co. estimates that loans to developing nations...
...rates will aid the debtor nations in another way as well: they help spark recovery in the industrialized world, which in turn lifts demand for developing nations' products. That will lower interest payments on floating-rate borrowings by the debtor nations and reduce the cost of new loans. Morgan Guaranty Trust Co. estimates that each single-point drop in international interest rates saves Mexico $600 million a year, the developing nations as a whole as much as $3 billion...
...after all, the Bank of America had happily put together a syndicate to provide Mexico with $2.5 billion. Recalls Morgan Guaranty's De Vries: "It was like an atom bomb being dropped on the world financial system...
...headlining Broadway's Joseph and the Amazing Technicolor Dreamcoat, and yes, no less than Bert Convy, the chirpy host of TV's Tattletales, is replacing Raul Julia for two weeks in the musical Nine. Of all the recent replacements, however, the most interesting may be Morgan Fairchild, 32, who last week joined the cast of the off-Broadway comedy Geniuses. Morgan steps into the role of a leggy, not-so-dumb blond up for a nude walk-on in a grossly expensive epic war film. Fairchild is working for scale ($195.80 a week) to break...
...growing number of women writers are making the message familiar. In nine books in twelve years, Anne Tyler, 41, has populated an imaginary Maryland town with characters as memorable as those of Faulkner country. The hero of Morgan's Passing is a loud, daffy, unfathomable presence, as unexplainable as an Ahab. Dinner at the Homesick Restaurant, her most recent novel, uses an eatery as a metaphor for family life, in which food is the stuff of history, and patrons are constantly eating and running away. The wife of an Iranian child psychiatrist who is also a novelist, Tyler still...