Word: trusts
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
OPEC Surpluses. The quickening flow of loans to those LDCS that do not produce oil is particularly bothersome. A study by Morgan Guaranty Trust Co. shows that net new international borrowing by these countries leaped by $109 billion from only 1974 through 1976. In all, the non-oil LDCS now owe about $180 billion. Such a huge expansion of overseas lending, mostly by private American financial institutions, heightens the possibility of a series of defaults that could cause panic to spread through international banking. So far, banks have managed to avoid this danger by renewing the loans or stretching...
Most bankers, however, insist that the worries are exaggerated. Says Harry Taylor, executive vice president of Manufacturers Hanover Trust: "Each lending bank regularly reviews conditions in a particular borrowing country and makes a decision about what the country's lending limit should be." Moreover, bankers point out, most of their loans are concentrated among richer and more productive LDCS where the risk of default presumably is lowest -such countries as Brazil, Mexico and South Korea. By contrast, countries like Pakistan, Peru and Ghana get little commercial-bank credit. Finally, bankers argue, a substantial cut in foreign loans now could...
...just saved civilization? Did not the U.S. own the Bomb? Most Americans were eager to proclaim their nation the greatest. And they turned out to be perfectly willing to prove it - once they had been asked to. Americans of Marshall's day, of course, also had trust in their Government - and a certitude about their power to prevail that had not been crumpled by Viet...
...loss of trust and certainty are major differences in post-Watergate America. The nation also, more than in the past, nurses cynical doubts about the Government's capacity to solve any social problems - those at home or abroad. More over, Americans of 1977 often seem confused, in the words of one scholar, "as to where and in what way American power and intelligence can be most usefully applied." The words are those of a man who happened to direct the Marshall Plan in Europe in 1950-51 - Professor Milton Katz, now director of international legal studies at Harvard...
After 40 years, Novelist Eric Ambler, 68, has traded in the cloak and dagger for a trust fund and pocket calculator. Ambler's 15 earlier tales of espionage and intrigue created a shadow world of border crossings and doublecrosses that was both distinctly his own and widely (and successfully) imitated. Such younger writers as John Le Carré and Len Deighton are firmly in the Ambler tradition. The Siege of the Villa Lipp tries a new route. The most imaginative shady deals, it says, are no longer concocted by world-weary agents and conniving government bureaucrats...