Word: bank
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Dates: during 1960-1969
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Most of a $6,000,000 loan to the Central American Bank for Economic Integration, an arm of the five-nation common market, will be reloaned to new industries. To top it off, $283 million in "social progress" loans to 17 countries have resulted in 210,000 low-income housing units, and the construction or expansion of water and sewage systems in 1,115 cities and villages...
Bonds of Gold. So far, the vast majority of repayments are right on schedule, and the bank has established such a gilt-edged reputation among world bankers that two recent bond issues were oversubscribed. Moreover, the U.S. has added another $411.8 million to its original $350 million subscription, and other members have agreed to increases bringing el BID's total capital to $2.1 billion...
...Panama meeting last week, President Herrera was unanimously elected to a second five-year term. "Our institution must continue to demonstrate that, being a bank, it is also more than a bank," he said. "Therefore, we must expand our operations to respond to the needs of our national masses." The U.S. obviously agrees. Secretary of the Treasury Douglas Dillon brought to the meeting a U.S. offer of yet another $750 million in Alianza funds for el BID over the next three years...
...pointed out that the train robbers were not armed, saw the sentences threatening Britain's "great technical and ethical difference between crimes at gunpoint and crimes without guns." Since even murderers often serve an average of only 15 years, the Daily Mirror asked: "Does this mean that stealing bank notes is regarded as more wicked than murdering someone...
...subscribers) review is the most widely read and probably the most prestigious. Like all their counterparts, but maybe more so, Harvard's editors are sticklers for detail, specialize in clarifying "what the law is," typically dug out the dusty minutes of an 1815 bank officers' meeting last winter in order to verify one quote. Among Harvard's star sticklers: the late Robert A. Taft, Dean Acheson, Alger Hiss, Justice Felix Frankfurter, Yale's new President Kingman Brewster...