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...program "highly responsible" and predicted that "the effects of default are containable" and would have "minimal" impact on major New York banks, which hold a total of $2 billion in city and Big Mac debt. According to an estimate by Wall Street analysts, Chairman David Rockefeller's Chase Manhattan is worst off, holding $400 million in city and Big Mac paper because of its commitment to helping New York. Wriston's Citibank reportedly has $340 million worth, the Chemical Bank $280 million, Manufacturers Hanover Trust $240 million, Morgan Guaranty Trust $210 million, and Bankers Trust Co. $160 million...

Author: /time Magazine | Title: NEW YORK: The Anguished City Gears for D-Day | 11/10/1975 | See Source »

...businessmen themselves, by the way, have done a terrible job of creating a benign image for themselves; they talk just the way Ford expects them to. The Chase Manhattan Bank called for federal funds for the city in September, creating in its argument an impersonal clockwork world where there will be "sufficient controls," "checkpoints," "mechanisms in action...

Author: By Nick Lemann, | Title: Rhetorical Bankruptcy | 11/8/1975 | See Source »

What's a detective story without a chase scene? Bullitt, showing this weekend at Winthrop House, without any doubt earns a 9.5 (on a scale of ten) for its chase scene featuring Steve McQueen, careening cars and the incredibly steep hills of San Francisco. McQueen's portrayal of a lone-wolf cop battling both criminals and his superiors shouldn't be missed, and Robert Vaughn, of Man From U.N.C.L.E. fame, makes an unusual appearance as the Ambitious Young...

Author: By Jeff Flanders, | Title: THE SCREEN | 11/6/1975 | See Source »

...barbarian hypothesis. Let the historians decide. In the meantime--between, that is, now and December 1--city, state and federal officials should get busy making sure that the coming default does not set off financial panic or throw the country back into another recession. Everyone in New York, from Chase Manhattan to rookie sanitation men must be prepared to make some sacrifices. But these sacrifices will have to be imposed from outside, as the necessary price for saving the city and the nation from the unquestionably deleterious effects of letting New York twist slowly, slowly in the wind...

Author: By Paul K. Rowe, | Title: Conditional Aid | 11/5/1975 | See Source »

Still several surgeons sympathize with the Quinlans. "At this point in the process of dying, it is the survivors who count," says the University of Chicago's Dr. Chase P. Kimball. "I personally feel that individuals do not have a right over their body after a certain point in the life-death phase. It becomes the responsibility of those closest to them...

Author: /time Magazine | Title: The Law: A Life in the Balance | 11/3/1975 | See Source »

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