Word: manhattanization
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...determination around the globe. In a conference call on the morning of Dec. 21, Summers had asked the six other deputy finance ministers of the G-7 nations to make sure their largest commercial banks gave a hand by delaying Korea's loan repayments. Three days later in Manhattan, New York Federal Reserve Bank Chairman William McDonough met with six large banks to urge them to roll over loans to Seoul. McDonough also asked the bankers to delay the "margin calls" on currency swaps and derivative deals, which might help unravel the deal. The bankers didn't have much choice...
...promised to spread the burden of reform. Last week his government asked citizens to donate gold jewelry to ease the currency crisis and said it would put two failing banks up for sale to foreigners. Almost immediately there were reports that Chase Manhattan and Citicorp had expressed an interest in taking positions in the firms, though the banks refused to comment. Kim told TIME that "if layoff of workers is necessary, then that is what we will do." And he has warned the chaebols that if they don't reform, he will do it for them. "It is sure...
...thinking about seeing this movie, think again. Your time would be better spent digging into the hefty Allen catalogue; he's addressed every theme and genre that Harry touches upon better in the past: Want romantic comedy with a hint of pathos? Try Annie Hall or Manhattan. Existentialist dilemmas mixed with murder? Shadows and Fog or Manhattan Murder Mystery should keep you busy. Science fiction meets wacky social satire? Rent Sleeper. Dead-on, perfect drama? Crimes and Misdemeanors and Husbands and Wives are a sure shot. Allen's even made better films in Harry's own kind-of-autobiographical...
Families, Museum Struggle Over Schiele In a move that rocks the art world, a Manhattan DA blocks return of two paintings that are suspected Nazi loot...
...York native who excelled at Manhattan's Trinity high school, Fitzpatrick was "hands-down everyone's favorite," according to classmate and long-time friend Julie A. Turner, now a sophomore at the University of Pennsylvania...