Word: chases
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...market break came on Tuesday. That was when the naition's banks reopened after the Columbus Day holiday, and made their response to the Fed's discount-rate rise. Led by Chase Manhattan, the nation's third largest bank, several institutions immediately raised the prime rate (the interest charged the most credit-worthy corporate customers) from 13.5%, already a record, to a new peak of 14.5%. Since quarter-point raises are the norm, the effect of the full-point boost in the prime was electric. Not only did it push the interest charged to margin investors up close...
Shucking academe for the real thing, Volcker signed on as an economist with the New York branch of the Federal Reserve. After five years, Volcker jumped into private enterprise at the Chase Manhattan Bank. Five more years and he became chief financial analyst at the U.S. Treasury in Washington, D.C., a remarkable achievement...
...dazzling promotions continued. Volcker rose to Deputy Under Secretary for Monetary Affairs, took time out for four years as a Chase vice president, then neared the summit of global finance when President Richard Nixon brought him back to Treasury to defend the dollar against attacks from abroad. Volcker did all he could, at one point flying 31,000 miles in five days. But the pressure on the dollar was too great: twice Volcker had to preside over the humiliation of the dollar being devalued...
...over-emphasized clues aside, the movie is a fine, taut thriller. Meyer even finds a good excuse for the mayhem of the obligatory car chase scene--the fact that Wells, in pursuit of Stevenson, must manuever San Francisco's considerable hill without knowing how to drive. In blessed contrast to The Crucifer of Blood, another recent Jack the Ripper film, Meyer keeps the gore to a minimum. In one murder, we see only the flush of his knife, followed by a tear of blood on his face--a masterful bit of understatement...
...criminal damage to property. The charges stem from an incident in late August, soon after the latest tower topplings. Hoyum was driving across backroads when company-hired security men, following up all leads in the case, began tailing him. What began as surveillance ended up as high-speed car chase, with the five pickup trucks full of Burns Security Guards (rented from a Chicago firm) trying to run Hoyum to earth. Debbie Pick of Gasp relates what happened next...