Word: cashing
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Dates: during 1950-1959
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...foreign customers who need U.S. goods but lack the cash to pay for them, there is always one avenue of last resort. When both private bankers and the World Bank (which makes only loans guaranteed by foreign governments) refuse credit, the borrowers go to the U.S. Government's Export-Import Bank, set up to finance purchases of U.S. goods when other funds are unavailable. Last week three Japanese firms that wanted such loans were winding up arrangements to get them. To ease Japan's chronic power shortage. Ex-Im was closing an $11million loan to Kansai Electric Power...
Warning Bells. For 1,000 francs ($3) a year dues, Poujade offered cash benefits in the form of taxes unpaid, coupled with a mutual insurance system to prevent reprisals because of mob action against inspectors. "I talked until my throat was so sore that I was spitting blood," says Poujade. In its first year, Poujade's Union for the Defense of Shopkeepers and Artisans (UDCA) organized 500 ''oppositions" to tax collectors, recruited priests to ring church bells as warnings of inspectors approaching. When delinquent taxpayers were seized, Poujade packed the auctions to buy back their belongings...
...quiz shows last week were still handing out the cash. On NBC's The Big Surprise, Rear Admiral Redfield Mason, U.S.N., 51, on active duty at Brooklyn's Navy Yard, broke through for the top award of $100,000 by naming six groups of women from Greek and Roman fables. And William and James Egan, a pair of outsized* lawyers from Hartford, Conn., were poised only a step away from the jackpot of CBS's The $64,000 Question...
Biggest, brawlingest and richest ($7,975 in prizes) local art annual in the U.S. is held by Chicago's Art Institute. Last week, as usual, Chicago's 59th annual blew up in a storm of local outrage. Reason: of the 24 cash awards (picked from 2,027 works submitted), 18 went to relative unknowns, e.g., the top painting award ($1,500) was won by Canadian-born Anna P. Baker, 27 and two years out of art school, for a hectic, minutely squiggled abstractionist canvas titled High Frequency Ping. Almost every big-name Chicago artist finished...
...kind that might help Marty win some of the eight Oscars it has been nominated to compete for. Winning them in Hollywood next week would mean up to $500,000 at the box office for Marty. Its producers and publicists have already demonstrated that they have both the cash and the know-how to go after it. To date the ballyhoo for Marty-including trade paper advertising, 16-mm. prints of the film, personal appearances of Borgnine on TV and radio, rhinestone cleavers and knives for the butcher-counter routine-has cost $350,000, a little more than...