Word: makeing
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Dates: during 1990-1990
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...ordered caviar by the pound, attended the raunchy shows in the nightclubs of Beirut so frequently that he knew all the leading belly dancers by name, engaged in myriad liaisons with women (he is said to have paid the wife of a Lebanese businessman $100,000 a year to make herself available) and, if old stories are to be believed, gambled away $1 million in the casinos of Monte Carlo during a single weekend...
Pelli, however, did not make the standard postmodern mistake of replicating an old form at inappropriately huge size. The interior spaces are modest (no more than about 14,000 sq. ft. per floor), and an intricately detailed exterior suggests a bygone age, not any particular building or style. Four metal grids, each bolted at an upswept angle to the 60th floor, provide a classically inspired, yet unequivocally modern top. "We picked up threads of the past," says Pelli, "with a contemporary technology and contemporary sensibility...
Some bankers are concerned that the government would overreact to the problem by piling on burdensome insurance premiums and new regulations that could make problems worse. Says Karen Shaw, a Washington-based banking analyst: "We could turn a safety net into a funeral shroud by wiping out the profitability of many of these banks." Testifying before the House Banking Committee, Federal Reserve Board Chairman Alan Greenspan argued against any immediate increase in the insurance premiums. Instead he favors increasing the amount of capital banks must keep on hand as a cushion against losses, since that safety measure might prevent many...
Banking Committee chairman Henry Gonzalez and others have recommended that the FDIC curb its implicit commitment to make every depositor whole. But any such cutback in coverage of all deposits must be done carefully. The dominant fear -- some observers say obsession -- at the FDIC and the Federal Reserve is that large depositors might become so concerned about their money that at the first sign of trouble at an institution they would take it elsewhere, effectively breaking the bank. Analysts like Shaw have proposed that the FDIC restore its "modified payout" system, under which uninsured depositors get a prorated share...
...Department, which commissioned a yearlong study of banking reform, is expected to deliver its report later this year. None of the proposals will immediately solve the problems of the American banking system, but at least everyone seems to understand that putting off the search for a solution will just make matters worse...