Word: bank
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Dates: during 1960-1969
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...producers, as well as many service industries, also showed sturdy gains. As they have for some time, corporate profits in many cases climbed even faster than sales or the economy in general. Record third-quarter earnings were reported by such giants as Colgate-Palmolive, Socony-Mobil Oil, Dow Chemical, Bank of America, Union Carbide, General Telephone, and Pittsburgh Plate Glass. United Airlines' profits were up 77% from the third quarter of last year, American Can's 29%, Celanese...
...Chinese Communists. But 28 nations sent delegates, including a 14-member U.S. team led by Assistant Treasury Secretary Merlyn N. Trued and-remarkably-a high-ranking, five-man delegation from the Soviet Union. All of them came to Bangkok last week to set up a $1 billion Asian Development Bank to help lift Asia from its morass of poverty. Its purpose: to finance such economic necessities as power, ports, railroads, water supply and industry...
Undecided Russians. The bank, which will be a regional version of the World Bank, will start off with modest aims, considering the problems that Asia faces. It will make only businesslike loans (for 20 to 25 years at 5½%), thus placing beyond its range such grand designs as President Johnson's proposal that the Mekong River be transformed into an Asian TVA project. The bank's capital will be chiefly in hard currencies supplied by governments. Most of the money has already been pledged: $200 million each from the U.S. (subject to congressional approval) and Japan...
Unique among postwar efforts to aid the world's poor, the new bank-a brainchild of the U.N.'s Economic Commission for Asia and the Far East-was inspired largely by Asians themselves. In contrast to the U.S.-led World Bank and the U.S.-dominated InterAmerican Bank, it will be run largely by Asians. At Bangkok this week and next, the sponsoring nations are expected to decide how the organization will be set up and where it will be located, thus paving the way for a ministerial meeting to be held Nov. 29 in Manila to sign...
Cabot also explained that because the bridge area is solely under MDC jurisdiction, University Police cannot patrol the bridge or either bank of the Charles River. However, the University Police will have one officer walking a beat every night on the north side of Memorial Drive between Winthrop and Dunster...