Word: bank
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Dates: during 1950-1959
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...balanced budget in fiscal 1960 by crowding as many projects as possible into the big deficit (estimated $13 million) for fiscal 1959. Most recent example: the request for a supplemental appropriation to provide $1,375,000,000 as an additional U.S. contribution to the International Monetary Fund and World Bank-an item, say the Democrats, that would normally have been budgeted in fiscal...
...farm program (1959 budget: $7 billion) floats its biggest loans and subsidies to the huge corporation farms. Example: Delta & Pine Land Co., a 37,000-acre, English-owned plantation in Mississippi, drew $1,167,502.35 in Government price-support loans on its 1957 cotton crop, $20,761.20 in soil-bank subsidy (now partly abandoned) for not planting riceland. Example: Westlake Farms, Inc., of Stratford, Calif., did a heads-we-win-tails-you-lose business with taxpayer money: $854,450.67 from Commodity Credit Corp. for the cotton it raised, $125,942.50 from the soil bank for the cotton...
Benson-approved proposals to set upper limits on subsidies to the big farms. Totting up the biggest outlays, he found that ten large operators siphoned off $3,447,902.81 in price-prop money, $557,495-35 in soil-bank funds. By comparison, 1,227 farmers in tiny Delaware altogether drew but $917,286 from the soil bank. "The high rigid support program is little more than a Government guarantee on the operations of corporate-type farming," charged Williams, "and actually encourages and underwrites absentee ownership to the detriment of small farmers...
...confusion. Bonnard's direct heirs found themselves challenged for a half share in the estate by four nieces of his wife Marthe. The works that Bonnard had left behind-some 600 oil paintings, 500 watercolors, hundreds of drawings-were put under seal in the vaults of a Paris bank...
...three generals and eight nonpolitical civilians, four each from East and West Pakistan. Ayub listened hard to West Germany's Economics Minister Ludwig Erhard when he passed through, and has since leaned heavily for economic advice on Wilhelm Vocke, former president of West Germany's State Bank...