Word: chase
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...sophomore history major from Chevy Chase, Md., was a former high school All-America lacrosse player at prep school in Lawrenceville, N.J., where he played on state championship hockey and lacrosse teams...
Major banks had long sought a plan like this one to help extricate them from their current crisis. Many banks spent the 1980s chasing long-odds business, such as loans to Third World countries and commercial real estate developers, after their best corporate customers began to borrow more cheaply in money markets. With many of those new customers now in trouble, the banks face more bad debts than ever before. Meanwhile aggressive foreign lenders in Japan and elsewhere, which operate under fewer restrictions, swiftly outpaced their American rivals. While nine U.S. banks were among the world's 30 largest...
...injustice of oil wealth that buys Scotch and an opulent life for the sheiks' Cairo holidays during Ramadan and leaves so many of their brothers in poverty and squalor. A Moroccan journalist remarks, "I don't care if he is a fascist. At least he doesn't gamble and chase women." Many Arabs admire Saddam for his hazem, a sort of relentless strictness, although the image is at odds with a more secular impression that Iraq made until Saddam began shading his nation and himself toward fundamentalism. Last week, in a gesture of piety and defiance, Saddam ordained that Allahu...
Many other banks could do well just to survive the recession. Troubled lenders include such giants as Citicorp, which expects to report a loss of up to $400 million for the fourth quarter of 1990, and neighboring behemoths Chase Manhattan and Chemical Bank. While such firms seem unlikely to fail, they could wind up as merger partners with other big banking companies. Experts are particularly gloomy about the prospect for banks in New England. According to Gerard Cassidy, who follows the industry for the investment firm Tucker, Anthony, as many as 24 of the region's medium-size banks with...
REPORTER-RESEARCHERS: Ursula Nadasdy de Gallo, Brigid O'Hara-Forster, Jeanne- Marie North, Jane Van Tassel (Department Heads); Audrey Ball, Bernard Baumohl, David Bjerklie, Rosemary Byrnes, Val Castronovo, Nancy McD. Chase, Oscar Chiang, John E. Gallagher, Lois Gilman, Tam Martinides Gray, Georgia Harbison, Michael P. Harris, Anne Hopkins, Katherine Mihok, Adrianne Jucius Navon, Nancy Newman, Susan M. Reed, Elizabeth Rudulph, Zona Sparks, William Tynan, Sidney Urquhart, Susanne Washburn (Senior Staff); Elizabeth L. Bland, Kathleen Brady, Barbara Burke, Wendy Cole, Tom Curry, Nelida Gonzalez Cutler, Andrea Dorfman, David Ellis, Kathryn Jackson Fallon, Mary McC. Fernandez, Janice M. Horowitz, Jeanette Isaac, Sinting...