Word: shores
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What U.S. cultural magnet is located in Cooperstown, N.Y.? Easy: GLIMMERGLASS OPERA. Well, yes, the Baseball Hall of Fame is there too, but in contrast to the Hall of Fame, Glimmerglass's hits (and its basses) are onstage. Set along the sylvan shore of Otsego Lake, the festival is noted for its ambitious repertory and stable of budding American singers. This summer's season features a Jonathan Miller production of Beethoven's Fidelio, in which Miller does not change the 18th century prison locale to one of those voguish operatic places he calls "nowhere and nowhen," but instead treats...
...Washington to give similar promises to M. Danny Wall, who chaired the Home Loan Bank Board at the time. (Wall recalled the meeting in an interview but said he could not remember the outcome.) After the session, regulators said CenTrust could remain open by selling bonds to shore up its capital. But when few investors bought the offering, Pharaon ponied up $30 million to keep CenTrust afloat...
...after seeing a Price Waterhouse audit that raised serious questions about B.C.C.I.'s viability before seizing its 25 branches in Britain. One explanation: the Bank of England was conducting extended negotiations with Abu Dhabi authorities, apparently hoping that B.C.C.I.'s current owner, Sheik Zayed bin Sultan al-Nahayan, would shore up the bank. But more suspicious experts raise questions about B.C.C.I.'s links to Western intelligence agencies. Leaders in Parliament have expressed outrage at the regulatory failure, which among other things has endangered deposits from as many as 45 municipalities and four utilities...
...notoriously corrupt Bank of Credit & Commerce International, which regulators closed earlier this month, Zayed has become the unwitting goat for nearly two decades of alleged fraud by the bank's Pakistan-based managers and for years of neglect by banking authorities around the world. After investing $1 billion to shore up B.C.C.I. since he acquired it last year, Zayed faces the humiliation of losing control of the bank, and the moral -- if not legal -- responsibility for helping to bail out depositors who were victims of fraud...
Actually, that should be Sankt-Peterburg, which is the Dutch name Peter the Great gave the city when he founded it in 1703 on a swamp on the shore of the Gulf of Finland. Choosing a European version of his patron saint's name to underscore his cosmopolitan ambitions, Peter built the elegant port as a window to the West, intending to yank his fusty country toward the future. When the Russians went to war against Germany in 1914, the city's Teutonic appellation suddenly became politically incorrect. Emperor Nicholas II's solution was to Russify the name, making...