Word: chases
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...rumors about Mexico's threatened default and its impact." Ungeheuer brought years of deadline experience in foreign and financial reporting to his rugged workout last week. And he could draw on sources developed when he was TIME'S European economic correspondent and when he worked for Chase Manhattan Bank editing two international business newsletters. A West German-born foreign exchange student who came to the U.S. in 1950 to go to Milwaukee's Pulaski High School, Ungeheuer went on to become a Phi Beta Kappa graduate in government from Harvard. After working for Reuters as a foreign...
When Elden was a boy, Bryant Pond boasted a dozen stores: a butcher's shop, a grain store, a milliner, a harness shop with cobbler's trade on the side. There was Chase's Variety. There was Cole's Hardware ("Quick sales and small profits," the proprietors used to say). An opera house, burned in 1928, was the pride of the town. An ice cream parlor and pool hall did business in the basement. Silent films with piano accompaniment were regularly featured. Young Elden popped the corn and hawked his products to customers at a nickel...
...ending to a gloomy week. The financial community had earlier been rocked by the sudden bankruptcy of Lombard-Wall, Inc., a New York City firm that specialized in trading government securities. Though Lombard-Wall had only 55 employees, it had run up staggering debts, including $45 million owed to Chase Manhattan Bank. Chase was already reeling from an after-tax loss of $117 million that resulted from its dealings with another government bond dealer, Drysdale Government Securites, which went bankrupt in May. The reasons for Lombard-Wall's problems were unclear, but one possible explanation was that the firm...
...University Police arrested a Cambridge man for an alleged break-in at Radcliffe's graduate center after a Sunday afternoon chase through the Cambridge Common University Police Chief Saul L. Chafin said yesterday...
...governments $60 billion, and those countries are strapped just to make the interest payments on the debt. illions of dollars have been lent to troublesome credit risks in Latin America like Mexico, Brazil and Argentina. All together, this debt to U.S. banks now totals $62 billion. Warns one top Chase Manhattan banker: "If Latin America goes into default, it will bring down all the major banks in this country...