Word: trusts
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...argue that the Federal Reserve must push interest rates higher to keep inflation from heating up. But opponents of that prescription say it would do more harm than good. "The greatest threat to the economy now is not inflation, but recession," says Irwin Kellner, chief economist for Manufacturers Hanover Trust in New York City. "If the Fed doesn't relax its grip within two to four months, we'll find ourselves in a recession by the end of the year at the latest...
Prime Minister Noboru Takeshita persevered for months, but last week his determination to weather the burgeoning Recruit scandal gave out. The meticulous planner and quintessential clubman of Japanese politics surprised his country by abruptly announcing that he would quit his post "to regain the trust of the people." Yet his departure had been a long time coming, as pressure built for months over what the Japanese call kinken-seiji, or money politics, the well-oiled system by which the nation's leaders attain power...
Gaddafi, who put $10 million in trust to fund the award, had no say in choosing the winner. Swiss Socialist Deputy Jean Ziegler, a member of the jury that selected Mandela, said "ironclad guarantees" assured that Tripoli's influence would not be felt in Geneva. Nonetheless, human rights activists were clearly worried about the new philanthropist. Said an official of the United Nations High Commissioner for Refugees: "If the jury would consider people like Salman Rushdie, it would give more credibility to its independence...
...still be building. The committee last week dispatched two investigators to Texas to look further into an oil-well sale involving Wright. The story: Mallick and the Wrights were fifty-fifty partners in an investment company called Mallightco, but in 1987 Wright instructed the trustee of his blind trust to sell out. Mallick told the committee that he wanted to "bet the farm" on one more deal before the pullout...
Takeshita, condemned in public opinion polls for his involvement in and handling of a huge stock and bribery scandal, announced earlier yesterday he was resigning "to restore the people's trust in government...