Word: banking
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...scene in the early 1990s, Banksy has vaulted from obscurity to international renown, all the while escaping detection. Among his catalog of greatest hits, Banksy has released an inflatable Guanténamo Bay prisoner doll at Disneyland, depicted England's Queen Elizabeth II as a chimpanzee, tagged the West Bank border fence and sneaked his own Mona Lisa - her inscrutable expression replaced by a yellow smiley face - into the Louvre. "He's kind of captured the zeitgeist," says Gareth Williams, a contemporary-art specialist at Bonhams auction house in London. "But he's done it in quite an accessible...
...fray. For their part, Barry Diller's allies contend that they don't need the backing of Bell Atlantic to prevail in the Paramount battle. Diller is about to add an additional $500 million or more to his war chest from Cox Enterprises; he already has $2 billion of bank financing on top of a combined $1 billion commitment from Liberty Media and Comcast cable, Liberty's major partner in QVC. Some experts say Bell Atlantic would be making a major strategic mistake if it let Paramount get away. In a world with 500 or more channels competing for viewers...
...policies. In response to the conservative tide sweeping Austria, the Socialist leadership has taken a step toward the center by appointing Finance Minister Vranitzky to the chancellorship. At 48, he has served in government for only two years. But as the former director-general of Austria's second- largest bank, Vranitzky is viewed as a sophisticated economist and administrator. Socialist leaders are now reassessing their goals for general elections scheduled for next spring. The Socialists are expected to try to forge a partnership with Waldheim's People's Party, renewing the popular coalition that governed Austria from...
...around 530 to 750. By now, this fury of calamities has pushed Mexico to the brink of defaulting on its foreign debt of $98.6 billion. As De la Madrid recently warned, ''Dead men don't pay debts.'' Last week the country scrambled to avoid a financial collapse. The Central Bank intervened in currency markets to push the peso back to 660. De la Madrid appeared on TV, stronger and more simpatico than usual, to allay doubts about his wavering government. Paul Volcker, chairman of the U.S. Federal Reserve Board, made a secret trip to Mexico to try to expedite...
...everyone is so hopeful, at least not yet. Mohammad Farid, a 41-year-old bank guard, dismisses this visit as politicking for American eyes, and doesn't think it will have any impact whatsoever. "He is just a candidate, trying to get votes from American soldiers. Let's see what he does when he becomes president...