Word: cash
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Dates: during 1960-1969
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...Development Bank and Inter-American Committee for the Alliance for Progress. The sad truth, only too obvious to the bankers, was that tiny Uruguay is almost flat broke, and, like a householder who is already up to his ears in debt, was finding it increasingly difficult to raise fresh cash...
...revolt closed major banks in Santo Domingo's rebel zone, thus hobbling the flow of credit throughout the country. A peso shortage cut down business outlays and salaries, and government tax collections dropped from $15 million to $5 million a month. To help out, the U.S. is putting cash in the hands of laborers through $6,416,000 in emergency grants for road and irrigation projects. That is at best a stopgap move. The country, which barely got through with a gross national product of $824 million in 1964, will probably end up with a G.N.P...
...Cash. Typically, the end seemed close at hand-and yet not quite within grasp. The bitter hatred between the loyalist forces of General Antonio Imbert Barrera and Colonel Francisco Camaaño Deñó's rebels had hardly diminished. The rebels claimed to want a provisional government; yet rebel youths were taking daily training in street fighting and guerrilla warfare-under the leadership of men of the Castroite 14th-of-June group. Last week Loyalist Imbert's radio was howling at the OAS, issuing scare warnings of imminent violence, insisting that his junta was in fact...
...Cash for Complaints. The drought ended dramatically in 1958 when the Oasis Oil Co., which Marathon owns jointly with Continental Oil and Amerada Petroleum, hit the Dahra field in Libya. "That success alone," says Donnell, "more than justified the decision to venture abroad." The find has in creased Donnell's proven reserves by more than 100% (to 1.7 billion bbl.) and expanded his production by 150,000 bbl. per day. With that, Donnell moved into high gear. He acquired four more refineries and hundreds of gas stations by taking over Michigan's Aurora Gasoline Co. and Texas...
Marathon retains the neighborly image of a small-town firm. It has begun to offer cash refunds to customers who write in with legitimate gripes about service in its stations: one man asked for his gas money back because the attendant neglected to wipe his windshield (complaint accepted), and one woman wanted back the $2.50 that her son had put in the vending machines (accepted). For Jim Donnell, 55, who spends more than half his time jetting to inspect his many outposts, success has its disappointing aspects. He feels most at home down by the old mill stream...