Word: bank
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Dates: during 1950-1959
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...based on considerations of self-defense and the need for bartering away surplus cotton. Turning the other cheek, the U.S. practically embargoed arms shipments to Israel, and even volunteered to help build a $1.3 billion dam at Aswan, offering Nasser a $56 million grant for a starter. The World Bank pledged an additional $200 million loan...
...less corn, 10% less barley, 21% less sorghum grain, 5% less hay than they did in 1955. Main reasons are drought and cold weather, which not only cut yield per acre but also prompted farmers to plow their damaged crops under and join the Federal Government's soil bank. Since the soil-bank plan was inaugurated in late May, more than 10.7 million acres of farmland have been taken out of production...
...into troubled sleep. He often wakes in a sweat from a repetitive dream in which he bashes in his father's head with an ax. Like most of his dreams, this is quite out of keeping with Fernand's daytime self. By day he is a timid bank clerk with little hope and no desire for promotion, and equally small fears of being fired. He is dumpy, bald, 30 and a bachelor, and he keeps a once-a-week mistress who rather disgusts him as soon as he has made love...
...Soviets may use economic penetration as a powerful political lever. U.S. industrial leaders have pointed out that India desperately needs $1.5 billion in foreign capital to push through her second five-year development program, and have added a pointed comment. In a memorandum released last week, the World Bank mission tempered praise for the young nation's "new buoyancy and hope" with a warning to the Indian government against its "negative and grudging attitude'' to legitimate investors. Cautioned the bank, which has lent India more than $200 million: "At this stage of development, India certainly needs...
Married. Emanuel ("Manny") Shinwell, 71, British Socialist Minister of Defense (1950-51), self-educated ("It's a great handicap") veteran Laborite; and Dinah Meyer, 54, London bank secretary and staunch admirer of Tory Sir Winston Churchill; he for the second time, she for the first; in London...