Word: thaws
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...tight-money thaw began as the Bank of England cut its lending rate from the crisis level of 7% to 61%, and sent bank messengers sprinting about London's City to spread the news. Within hours, Chase Manhattan Bank, New York City's largest and the second biggest in the U.S., lowered its prime rate -the minimum interest charged for loans to the biggest customers-from 6% to 51%. Explained President David Rockefeller: "While loan demand is still strong, it is less than it was a year ago." Though the British action had been widely anticipated, Chase Manhattan...
Died. Evelyn Nesbit Thaw, 82, Floradora Girl of the early 1900s and central figure in one of this century's most sensational crimes of passion; in Santa Monica, Calif. Sixteen, nubile and stagestruck, Evelyn arrived in Manhattan from Pittsburgh, Pa., in 1901, joined the chorus line, became the mistress of famed Architect Stanford White (Pennsylvania Station), and later married a weak-minded millionaire playboy named Harry K. Thaw-whom she goaded with lurid tales of her escapades with White. On June 25, 1906, Thaw walked up to White in a cabaret, and without a word put three bullets...
...action may well have signaled a mild easing of tensions between the two countries. There have also been other signs of a thaw. Though the U.S.'s six-year-old trade embargo remains in effect, Washington recently modified its ban on travel to Cuba and announced that U.S. citizens may now get passports to visit the island for "cultural" and business reasons-provided that the Czechoslovakian embassy, Castro's diplomatic go-between in the U.S., agrees to issue a visa...
...government last summer imposed a "freeze" on wage and price increases. The main aim was to make Britain more competitive overseas by reducing consumption and costs, while raising exports and investment for industrial modernization. At the start, the government said that beginning Jan. 1, the freeze would thaw into a mere matter of "severe restraint." Most Britons took the freeze with stiff upper lip, but they also looked forward to New Year's Day, by which time business as usual-or almost as usual-could be resumed...
Thompson's cold-war technique is the essence of diplomacy: to keep talking when both sides are scarcely on speaking terms and to set a breakneck pace for negotiations at the first sign of a thaw. To win withdrawal of the Red army from Austria, Thompson haggled fruitlessly through 379 meetings for nine years, then achieved agreement in eleven hectic days...