Word: bankes
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Dates: during 1970-1979
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...funding for its projects--the Ford Foundation and the U.N. Development Program--began to dry up. Before, host countries could depend on these funding sources for the HIID programs, but today the institute's clients must fund the projects themselves, often with loans on favorable terms from the World Bank and other international lending institutions...
...record keeping used by the graduate school makes an exact estimate of how well Harvard Ph.D.'s are faring in the job market impossible. Each department compiles its own study, and each uses its own criteria to determine what constitutes job placement. (In one department work as a bank officer or car salesman may be considered placement, in another only a teaching appointment at a certified college is counted as such.) Overall, 88 per cent of the 1976 graduating Harvard Ph.D. s found jobs, a figure which is next to meaningless because of the varying definitions of the word...
This policy of inviting multinationals to invest is precisely the one advocated by western experts at the World Bank, the U.S. Agency for International Development, and the western-controlled International Monetary Fund. Aid to underdeveloped countries is often tied to policy recommendations, so that if Third World governments want to borrow capital for development, they must give multinational corporations free rein...
...growth during the final months of 1977 and throughout '78. David Grove, IBM's chief economist, expects declining growth rates-to 4.7% in the third quarter and 4.1% in the fourth. Beryl Sprinkel, a monetarist and executive vice president of Chicago's Harris Trust & Savings Bank, expects about a 3.5% growth rate in the last part of 1977. For next year the majority of the Board anticipates similar modest growth, which certainly would not be great, but also not bad for a mature economy...
Environmental regulations jack up the cost of preparing sites for building; in many places that expense is becoming as heavy a burden as the price of the raw land. George F. Schoeck, a bank executive in Morris County, N.J., gives this example: "A builder used to put in a 28-foot road with no curbing. He'd compact it, roll it, lay two inches of black top and dedicate it to the town?and it would be their problem. Now the developer has to lay eight inches of stone with a three-inch binder coat of coarse asphalt...