Word: moratorium
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Press reports of trouble at I.C.B. last fall started a run on deposits that Rosenbaum was unable to meet. In October he was forced to close the bank, and the Swiss government granted him a temporary moratorium on its payments. Now rumors are growing that because Rosenbaum is unable to raise money to pay his debts, which are estimated to be about $136 million, the Swiss may soon lift the moratorium. In that case, the bank would collapse, Rosenbaum would be bankrupt and the thousands of investors and depositors in I.C.B.-mostly Jewish-would probably lose virtually everything that they...
Although there are no plans to decrease the number of transfers who will be given housing on-campus, the number of non-resident transfers admitted may well increase, starting next year. Harvard will again admit transfers for next year, after a one-year moratorium, but will not make a decision on exactly how many, and whether they are given housing, until...
Both David Cantelme '76 and Marton have benefitted from the bias toward junior colleges. Cantelme was admitted from Glendale Community College, a small junior college located in a suburb of Phoenix, Arizona. He was one of only two students admitted last year to Harvard during the "moratorium" on transfer admissions to the college. Due to overcrowding. Radcliffe continued to admit transfers--six residents and 14 non-residents, in all--"because we were never told not to," says Cohen...
...apply to Harvard past the deadline in his senior year in high school but was nevertheless rejected. In his second year at Glendale, where he was an English major, he sent letters and made several phone calls to the admissions office about transferring before he was told of the moratorium. Finally, he was able to talk with Mosley who agreed to take his petition before the admissions committee. Cantelme never received any official explanation of why he was accepted but feels that, "they feel as if a commitment was made to me in my senior year...
...spokesman for the Union of Concerned Scientists (UCS)--a Cambridge, based research group which has called for a moratorium in the construction of nuclear power plants for safety reasons--yesterday called new nuclear engineering programs such as MIT's a "very, very necessary" development...