Word: bank
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Dates: during 1960-1969
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...miles northeast of Bogotá. Wearing khaki uniforms and FALN-type arm bands, the raiders attacked the police post with modern automatic weapons, killing three policemen and a child who wandered into the line of fire. With crisp military precision, they then cut communication lines, looted the government Agrarian Bank of $5,300, snatched the cashbox from the local brewery, and stole arms and ammunition from police headquarters. One of the leaders was a pretty blonde girl of about 19 who was called Comrade Mariela. After two hours, the invaders vanished into the hills, but not before rounding...
...government's new National Housing Bank, designed to combat the country's equally critical housing shortage, got its first project under way guaranteeing private loans to builders for 30,000 middle-income homes in Rio alone this year. The bank's target: 18 million houses and apartment units in the next 20 years...
...first seven months after the revolution, Brazil's notoriously fractious Congress passed a record 237 laws and constitutional amendments, more than a few at government pistol point. Among them were measures to increase taxes, adjust ridiculously low rents, head the country toward a central bank, start a sensible land-reform program, and assure private foreign investors of a square shake. When Congress reopens in two weeks, Castello Branco has another armful of proposals. He intends to let the air out of the government's bloated administrative payroll, a key move against inflation, deliver a plan for development...
...mortgage); cash, $500. In fact, since he quit his $125-a-week machinist's job to campaign in July, he, his wife and daughter "have been eating bean soup and peanut-butter sandwiches"; and he borrowed $1,750 from his campaign fund, and $1,500 from the bank to tide him over until he could start collecting his $30,000 annual congressional salary this month...
...budget ever - $3.38 billion - was clearly influenced by the necessity of stemming the U.S. gold outflow and payments deficit. The Government planned several other measures to narrow the payments gap. The Treasury's new Under Secretary, Fred Deming, said that his department might place a tax on U.S. bank loans abroad, which amounted to between $2 billion and $2.5 billion last year. The Treasury will also begin to sell an additional $100 million weekly in short-term securities, offering higher interest rates to attract buyers; by thus edging up interest rates, it hopes to keep at home more...