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...week. On Nov. 14,1979, ten days after the Americans were taken prisoner, then Treasury Secretary G. William Miller was awakened in his Washington home at 5 a.m. by a call from a State Department duty officer, informing him that then Iranian Finance Minister Abolhassan Banisadr was threatening to withdraw all of his country's deposits from U.S. banks and place them in financial institutions in other countries. The Iranians were hoping that this move would drive down the value of the dollar...

Author: /time Magazine | Title: Iran Hostages: How the Bankers Did It | 2/2/1981 | See Source »

...Merrill Lynch, the brokerage firm, allows customers from nearly any state to write checks against their money-market accounts through an agreement with Bank One of Columbus. Holders of American Express Gold Cards will soon be able to insert the cards into automatic teller machines around the U.S. and withdraw cash from their home bank accounts. New York's Citibank plans to move its 5.8 million-customer credit card operation to South Dakota to take advantage of higher interest rates permitted there. San Francisco's Bank of America has opened branches in Seattle, Dallas, Minneapolis and Cleveland...

Author: /time Magazine | Title: A Call for Interstate Banking | 1/12/1981 | See Source »

...yesterday, Marcos had already donated $500,000 toward the creation of the chair and will not withdraw those funds, Theodore L. Eliot, dean of Fletcher School, said yesterday. The university will use $350,000 to establish Marcos Fellowships and the remaining $150,000 will be used as Philippines' donation to a new building at the school designed for the study of five East Asian nations, he added...

Author: By Suzanne R. Spring, | Title: Marcos Cancels Funds For Tufts Endowment | 1/7/1981 | See Source »

...regular winter meeting of NATO foreign ministers. Quickened by the threat on Europe's own frontiers, they readily agreed to a joint response, with specific steps depending on the harshness of the Soviet action. Arms limitation talks would surely be suspended, and the West would probably withdraw from the Madrid Conference on Security and Cooperation in Europe. Coordinated economic sanctions could range from a suspension of trade credits to embargoes on food and high technology sales. Defense Secretary Harold Brown told NATO he had no doubt that "the West would also have to react by further building...

Author: /time Magazine | Title: POLAND: Poised for a Showdown | 12/22/1980 | See Source »

...Harvard's Graduate School of Education, where she is a second-year student. Although she was permitted to reenter the University system, there remains a visible reminder of her transgression--in large block letters taking up a good third of the transcript sheet are stamped the words, "Required to withdraw...

Author: By Susan C. Faludi, | Title: The University Tries its Students: Case Histories From the CRR File | 12/17/1980 | See Source »

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