Word: primed
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Dates: during 1970-1979
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...shortly after the nation's biggest banks raised their prime lending rates. Lance became the Carter Administration's leading critic of the policy. Yet many of Lance's bank loans had interest rates tied directly to the prime rate. When it rose, so did his interest charges. On the other hand, as a major holder of banking stock at the N.B.G., Lance stood to gain-as bank profitability gained-from hikes in the prime...
...topics. Said Delaware Republican William Roth Jr.: "What bothers me is that the agreement [Lance's sale promise] was announced with great fanfare, but when the going gets rough, there's a request for an extension." Republican Charles Percy asked whether Lance's pronouncements on bank prime rates involved the "appearance of possible conflict of interest" and attempted to bore in further. But Georgia's Sam Nunn interjected: "How far can you extend this logic? There's no place in the world where he can put his money where it won't be affected...
They made their move in the middle of the night, almost apologizing for their coup. Shortly before 2 o'clock last Tuesday morning, a group of officers descended on the Prime Minister's residence in Rawalpindi. "Sir, the troops have come," a servant advised Prime Minister Zulfikar Ali Bhutto. The Prime Minister took the news stoically, gathered his wife and children on the lawn of the official residence, had coffee and ordered his bags packed. He then moved to the Governor's Mansion in the nearby hill resort of Murree, some 30 miles away. Behind padlocked iron...
Wild Pony. At first it seemed doubtful whether the army would allow Bhutto to take part in the election campaign. But at week's end, Zia emphasized that the former Prime Minister was free to participate. In fact, added Zia, "I hope he will come back and stand for election." Whether the brilliant, mercurial Bhutto will decide to do so, however, is not yet clear. He is still popular with much of the peasantry, and he may well emerge from detention to rally his supporters, perhaps denouncing the army for its intervention (and even for the country...
...resolution once again underlined the folly of Rhodesian Prime Minister Ian Smith's policy. Had it not been for his stubborn refusal all along to accept majority rule, he could have transferred power to the moderates some years ago. Now it is probably too late, although there is speculation in Salisbury that Smith might propose surrendering power to a predominantly black coalition government that would include Sithole, Muzorewa and a number of local chiefs...