Word: rohatyn
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About 12% of Bechtel's business is done in Arab nations-a matter that will surely be raised at Shultz's Senate confirmation hearings. "He will be more pro-Arab than Haig," predicts New York Investment Banker Felix Rohatyn, a Democrat, who says of Shultz, "There are few more capable people in the country." Indeed, Shultz noted in a 1980 interview that "if I have any differences with Reagan, it's about Middle East policy." Even if Shultz does have a pro-Arab bias, which many of his colleagues deny, some question whether he will...
Mayor Dianne Feinstein. "I find it unbelievable." Mayor Lee Alexander of Syracuse charged that the document "draws a battle line between mayors of cities and the White House." New York Financial Expert Felix Rohatyn, who had helped save his city from bankruptcy, insisted that " 'drop dead' in draft form is no better than 'drop dead' in final form." Said Mayor Young of the draft: "It scares the hell out of me and should frighten every mayor...
Although about one-third of the big-city mayors are Republicans, criticism of the Reagan budget cuts as they affect cities was unusually bipartisan. The mayors gave a standing ovation to Rohatyn. He urged the Administration to revive the New Deal's old Reconstruction Finance Corporation to provide longterm, low-interest federal loans so that cities, which find interest rates too high to float municipal bonds, can rebuild bridges, sewers, firehouses, schools and deteriorating mass-transit systems. Such a revolving fund, he said, should "selfdestruct in ten years" as revitalized cities repay the loans. The Rev. Jesse Jackson, founder...
...Hotel and the Polo Lounge. Executives from Pillsbury and Control Data help keep the wood-paneled, chandeliered rooms of the Minneapolis Club filled to near capacity on weekday mornings. At New York City's Regency Hotel, Publisher Rupert Murdoch, Labor Lawyer Theodore Kheel and Investment Banker Felix Rohatyn frequently occupy adjacent tables. Bob Tisch, chairman of Loews Hotels, which owns the Regency, and a habitual breakfaster, says, "The transactions are very gentlemanlike, but there is big money negotiated here...
...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...