Word: pay
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Dates: during 1970-1979
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...controls are likely to be imposed. If the Federal Reserve restricts U.S. bank branches, borrowers will simply shift their Eurodollar business to foreign branches. Bankers also insist that these markets will be needed to lend the developing countries the $50 billion they will need over the next year to pay their oil and industrialization bills...
...they simply borrowed, say, dollars in New York or pounds in London, they would be forced to pay stiffer rates than for Eurocurrencies...
Next March an unusual name will appear on the list of 17 nominees to the Chrysler Corp. board: Douglas A. Fraser, 62, president of the United Auto Workers. The nomination of this hardy adversary from Big Labor is part of the price that the automaker had to pay last week to win from the union economic concessions essential to corporate survival...
...bluff, ''I had been studying the market reading everything I could get my hands on. I saw that there were a lot of short sellers in Lukens Steel. I was sure that the stock would rise, but I didn't have the money to pay for it. I bluffed my broker into buying 1,500 shares. Three days later I sold it for a profit of $10,210.'' Canizaro...
...alone, costing the papers $5.6 million. In return, the unions were given generous severance payments (an average of $26,000 per worker), better wages (up between 20% and 45% over two years), an extra week's vacation (for a total of six) and substantially improved pension and sick-pay formulas...