Word: rale
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...bailout is expected to boost mo rale inside the bank, which has lost a host of key employees by resignation. Observed Stuart Greenbaum, a finance professor at Northwestern University: "The loss of self-respect and pride among people at the bank has been enormous." Now that a comeback could be under way, he adds, many employees will want to stick around and try to redeem their reputations along with that of the bank's. Continental may soon rekindle its archrivalry with crosstown competitor First Chicago...
...Soviet attitude gone down well with the rank and file in France. A number of town and city councils, either dominated by or including Communist members, have passed resolutions backing Solidarity. In the giant 2.3 million strong Communist-led Confédération Générale du Travail (C.G.T.), at least twelve of 40 member unions defied instructions to boycott pro-Solidarity demonstrations...
Signs of discontent are already evident. Leftist unions have been stepping up their demands of the government. The Communist-led Confédération Générale du Travail, for example, is holding out for an immediate reduction in the work week from 40 hours to 38; Mitterrand is offering 39. A crowd of 3,000 ecologists staged a violent demonstration two weeks ago at Golfech, in southwestern France, to charge Mitterrand with reneging on his campaign pledge to curtail new nuclear-plant construction...
...government has no idea of where it is headed. The entire program is being undertaken regardless of the economic consequences." So said Yves Laulan, chief economist for France's big Société Générale bank, last week, and few of his colleagues were prepared to disagree with him. Four months after the Socialist Party's overwhelming election victories in the spring, President François Mitterrand is determinedly pressing ahead with plans to nationalize France's 36 largest privately owned banks and investment houses. Mitterrand's coalition Cabinet, which includes four...
...must attract more and better young officers into its diplomatic corps and intelligence services. That means raising both pay scales and mo rale; it also means increasing the size and quality of the talent pool from which those services draw. There is a desperate need for a new commitment by Government and the private sec tor alike to foreign-language and area-studies programs in high schools and colleges. However far removed this is sue may seem from the crisis of the mo ment in the Persian Gulf or Eastern Europe, the ability of the U.S. to deal with those...