Word: resorts
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Dates: during 1980-1989
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Several members of Congress, including Republican Senator Robert Dole of Kansas, are concerned that issuing bearer bonds would mean that some Americans would evade taxes by buying the securities through foreign sources. West European governments have informally urged the U.S. not to resort to bearer bonds. Admits a Treasury official: "Going to that kind of bond might be seen abroad as an admission that we can't finance our own deficit...
...Cairo blow north or south. One brings toxic fumes from the lead and zinc smelters in Shubra El Kheima just north of the city. When the wind shifts, it brings poisons from the steel and cement factories in the south, in Helwan. President Gamal Abdel Nasser converted the health resort of Helwan into an industrial showpiece in the late 1950s and 1960s. Today it is notable for its myriad dead trees...
That forced the FDIC to become a rescuer of last resort...
...Continental's $30 billion in deposits. Last week bank officials appeared to have virtually given up looking for another bank or for some wealthy buyer to infuse new money into the institution. Instead, they were meeting in Washington with is federal regulators to discuss a drastic, last-resort solution in which the Government would assume ownership of Continental. If the deal is concluded, it will be the first nationalization of a major bank in U.S. history...
That was the assessment of TIME's European Board of Economists, which held its twice-yearly meeting last week in the Italian resort town of Cernobbio, outside Milan. Said Hans Mast, a University of Zurich lecturer and Executive Vice President of Credit Suisse: "Europe's substantial pickup seems to believe recent theories about the inevitable stagnation of the old Continent in contrast with the youthful vigor of the U.S. and Japan. We still seem to possess talents for aggressiveness and innovation in world markets...