Word: springly
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Dates: during 1980-1980
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Although Belgian Fudge's debts last spring totaled nearly $400,000, Lewis N. Sassoon, attorney for the firm's creditors, said the company's creditors are working with Belgian Fudge to assure the repayment of the debts. "We don't want to put them out of business," Sassoon said. He added that he thinks the present management will remain in charge...
...threat of war had hung in the air since spring, when border clashes began to intensify and spread along the 760-mile frontier between the two countries. Traditional enemies, divided by ethnic and ideological differences, Iraq and Iran had come to a temporary accommodation in 1975 when Saddam, then Vice President, and the late Shah Mohammed Reza Pahlavi announced a frontier agreement during an OPEC summit in Algiers. The centerpiece of the accord was a change in the status of the Shatt al Arab, long a source of friction between the two nations. Under the Algiers agreement, the border...
...more "energy," which, he says, had been lacking. Manning, a former Under Secretary of State and TIME senior editor, leaves the Atlantic with four National Magazine Awards (1971-73 and 1979) and its highest circulation ever (351,000). Whitworth will not assume full control of the Atlantic until next spring. But Zuckerman already plans to add popular Boston Globe Columnist Ellen Goodman and British Journalist William Shawcross as contributors. Science Essayist Lewis Thomas and London Sunday Times Editor Harold Evans have been signed as senior advisory editors...
...this country to serve their own large companies like Sony. Soon, however, they began lending to American firms and setting up branch offices to seek out local business. Willing to sacrifice profits to build markets, the foreign banks have regularly undercut their U.S. competitors. Gulf Oil, for example, last spring borrowed $70 million from a group headed by West Germany's Commerzbank, which shaved an estimated ¾ point off the prevailing 20% interest rate. Since 1972 the number of American offices of foreign banks has soared from...
...Last spring Congress imposed a moratorium on overseas acquisitions of U.S.banks with more than $100 million in as sets, but the measure expired at the end of June. Now the General Accounting Office has recommended a new ban, and pressure for legislation is building. The House last week held hearings on foreign bank activities in the U.S. Critics argue that it is risky to let non-Americans absorb too large a segment of domestic banking. They contend that foreign-owned banks may not always cooperate with U.S. monetary policies to dampen inflation or prop up the dollar, particularly...