Word: rebuilding
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...chief overseer of Columbia's rising fortunes is former Boston College assistant coach Bill Campbell, who is in his second year at the helm. Campbell has won but one of eleven games during his stay at Baker Field, but he realizes that when you have to rebuild from the depths of the basement, you don't reach the attic overnight...
...banks would probably not be wiped out: Federal Reserve Chairman Arthur Burns has pledged that the Fed will lend generously to any bank threatened by a New York default. The banks nonetheless might have to stop making new loans and call some of their old ones, while trying to rebuild their capital, thus hurting businessmen and consumers in states as far away from New York as Missouri, Texas, Arkansas and Florida...
...most ironic way out of a financial nosedive caused largely by doubled fuel bills. The government of Iran, one of the nations most instrumental in forcing up petroleum prices, had been negotiating to provide the airline with $300 million so that it could pay off restless American creditors and rebuild working capital. Last week irony was followed by intense disappointment; the deal appeared to have fallen through, leaving Pan Am facing another money squeeze...
Time to Relax. "There is a ready cheerfulness," Stewart cables, "quite distinct from Japanese reserve or Chinese reticence. Koreans are open, forthcoming and demanding. And while they tear down and rebuild, they also live comfortably among the signs and customs of 2,000 years. The grounds of Seoul's Kyongbok Palace in late spring are rich with blossoms. Korean men still like to relax and discuss the business of the day at a Kisaeng party, the Korean equivalent of a geisha soirée. Less contrived and artful than its Japanese counterpart, a Kisaeng party is a time...
...memories of Vietnam. The official American response--that we need not try to learn from Vietnam but must now look toward the future, and that there should be a moratorium on recriminations--must not be heeded. Secretary of State Henry Kissinger's statement, that the U.S. should not help rebuild North Vietnam--a country he did as much as anyone to destroy--must be disregarded, and Congress should allocate reparation funds for war-ravaged Vietnam immediately...