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91. Washington Post, The (DC) - November 21, 1977

Charles Kempter, Former Banker, Aide at State
  Charles W. Kempter, 91, a former banker and a retired State Department official, died of natural causes Saturday at the Woodbine Nursing Home in Alexandria.Mr. Kempter was born in Plattsburgh, N.Y., and grew up in Burlington, Vt. After World War I service in the Army, he joined the National City Bank of New York and worked in Brazil, Argentina, Haiti and Puerto Rico.In 1942, he joined the State Department as chief of the American Republics office for the World War 11 Lend Lease...
92. Washington Post, The (DC) - October 14, 1977

Payroll Crisis Is Staved Off At HEW, Labor
  Both houses of Congress and President Carter acted swiftly yesterday to provide stopgap financing that will assure fully pay for 243,000 employees of the Health Education and Welfare and the Labor departments, and avert a financial crisis for the District of Columbia.The lawmakers enacted, and the President promptly signed, a so-called "continuing resolution" permitting the three governmental units to spend until Oct. 31 at the same level as the last fiscal year,...
93. Washington Post, The (DC) - October 19, 1977

New York's Two Largest Banks' Earnings Mixed
  New York City's two largest bank holding companies reported third quarter earnings today and the results reversed the pattern of recent years. Citicorp reported an unusual 11 per cent dip in its results for the quarter while arch rival Chase Manhattan Corp. accelerated its earnings recovery with a 41 per cent increase.Merrill Lynch & Co. and E. F. Hutton Group Inc., the parent companies of the country's two largest publicly held brokerage firms,...
94. Washington Post, The (DC) - June 25, 1977

Much IMF Help Goes to Repay Commercial Loans, Study Finds
  A study released yesterday charges that a substantial amount of the money the International Monetary Fund funnels to developing countries now goes to repaying old, high-interest loans made by private multinational banks, rather than to development projects.This procedure amounts to an indirect subsidy for commercial banks, which are now owed about $75 billion by countries facing high food and fuel costs, inflation and other economic difficulties, according to the study by Howard M....
95. Washington Post, The (DC) - April 29, 1977

Regents' Committee to Probe Smithsonian's Finance Policy
  A committee of Smithsonian Institution regents has been created to review the institution's financial practices following recent criticism of the Smithsonian by the General Accounting Office, members of Congress and the press.The regents' committee, headed by Sen. Henry M. Jackson (D-Wash.), also plans to hire an outside firm to examine the institution's organization, management practices, effectiveness and its present relationship to Congress....
96. Washington Post, The (DC) - August 26, 1977

OPEC Fund Surplus Total
  Organization of Petroleum Exporting Countries' reserve assets flowed back into international banks and money markets at an average monthly rate of $3.2 billion during the first quarter of 1977 to total $144 billion, according to Mideast Markets, a publication of a unit of Chase Manhattan Bank.Of the local investible reserves resulting from the OPEC countries' trade surplus with oil consuming nations, U.S. banks and money markets held between 25 and 30 per cent, or...
97. Washington Post, The (DC) - June 19, 1977

U.S. Wants Third World Food Council's Focus to Be on Hunger
  "Let them eat cake" was Marie Antoinette's recommendation.While her suggestion - which put an end to the queen, not to her subjects' hunger - has not been repeated aloud by the world leaders who have faced the growing global food shortage since the French Revolution, her indifference has.The recurring failure of negotiations on an international food strategy and establishment of world grain reserves are cited by Third World leaders with...
98. Washington Post, The (DC) - April 6, 1977

Defense Budgets Advance in Senate
  The Senate Budget Committee voted yesterday to spend $111.9 billion on defense next year, the full amount requested by President carter and $2.3 billion more than its House counterpart approved last week.On a narrow 8-to-7 vote, the committee approved a motion by Sen. Ernest F. Hollings (D-S.C.) which also gave defense agencies authority to spend - to commit themselves to spend in the future - a total of $120.6 billion.Many programs, especially weapons and buildings, take several...
99. Washington Post, The (DC) - October 31, 1977

Israeli Settlements: 'New Realities' or a Drive by 'Fanatics'
  HEBRON (Israeli-occupied West Bank)-"The settlements" as as they are called-Israeil's colonization of the territories it captured in the 1967 war-have emerged as a major issue in the Middle East debate and there is no issue upon which Israel stands so utterly alone.In the recent U.N. General Assembly vote condemning the settlements as illegal and as an obstacle to peace, no country voted with Israel and many traditional Western friends voted against....
100. Washington Post, The (DC) - March 17, 1977

Foreign Loan Losses Less, Say Two Major NYC Banks
  Morgan Guaranty Trust Co. and Manufacturers Hanover Bank today each reported that their experience on international loans has been better than on their domestic loans.Elmore C. Patterson, chairman of J.P. Morgan & Co., holding company for Morgan Guaranty, told his firm's annual meeting that loans charged off in 1976 totaled $53 million, but "of these only about $9 million were international loans." And in 1975 Morgan charged off $84 million...

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