Word: res
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Dates: during 1980-1989
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...tight money supply, though, is only part of the puzzle. Some experts, including Felix Rohatyn, a partner in the Lazard Frères investment banking firm, argue that loan demand is still putting intense pressure on interest rates. While the high cost of money has discouraged mortgage seekers and auto buyers, corporations are still queuing up to borrow. The volume of commercial and industrial loans at large banks has risen at an annual rate of 22% in the past month...
Kach vigilante squads have smashed cars belonging to Arabs, broken into their homes and beaten up res idents. Kahane openly applauds vandalism against Christian and Muslim holy sites in Jerusalem. Kach members are believed to have daubed swastikas and smeared excrement on the Inter national Christian Embassy, a pro-Israeli organization, and to have damaged cars belonging to U.N. personnel...
...small town of Chamalières, France, the expensively tailored resident quietly slipped into city hall to register his candidacy for the job of local conseiller général (commissioner). The post is minor, but the candidate, former French President Valéry Giscard d'Estaing, 56, is anything but. After nine months of private life following his defeat by Francois Mitterrand's Socialist Party last May, Giscard has returned once again to the stump. Though the former President is taking his mini-campaign seriously, he eschews his old trappings of higher office: chauffeured limousines, bodyguards...
...crew, which included at least 14 Americans, a Soviet freighter 65 miles east of the rig radioed that it was taking on water and listing badly. Before dawn Tuesday, the 4,262-ton Mikhanik Tarasov-bound from the St. Lawrence River port of Trois Rivières to Leningrad with a load of newsprint-slipped beneath the waves, taking all but five of its 37-man crew to their deaths. By week's end 40 bodies had been recovered from both vessels, and all aboard the Ocean Ranger were presumed dead...
Advocates of default insist that Poland's creditors have an unparalleled opportunity to pressure the Soviet Union by squeezing its troubled satellite. Says Felix Rohatyn, a partner in the investment-banking firm of Lazard Frěres: "For the first time in 25 years, the Western governments have a truly credible weapon in their armory, and that's control of the capital markets. The Russians can get technology elsewhere, and lots of people will provide them with grain. But nobody else can make the capital available." A default declaration might force the financially pressed Soviet Union to increase...