Word: debt
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Dates: during 1950-1959
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...financial side of diplomacy was a relatively simple matter of buying allies or buying off potential enemies. In mid-20th century diplomacy, financial dealings must be disguised under such inoffensive names as mutual assistance, economic cooperation or foreign aid, and economic aid has increasingly become regarded as a debt that rich nations owe poor ones. Prince Metternich never had to wrestle with some of the difficulties that preoccupied diplomats and governments all over the world last week. Items...
Within the next few months, the Brazilians hope to get from Ex-Im: 1) aid in refunding part of Brazil's $1.2 billion foreign debt so as to ease the repayment strain during the next five years; and 2) long-term loans, actual or promised, covering a large part of the dollar cost of Kubitschek & Co.'s five-year "Power, Transportation and Food" development program. Kubitschek himself plans to make a straightforward appeal to President Eisenhower at the Western Hemisphere Presidents' meeting in Panama. Another Brazilian of distinction who will work for the Ex-Im loan...
...time in five years, the fourth time in a quarter century, the Federal budget had a surplus when the fiscal year ended on June 30. After income of $67.7 billion and expenditure of $65.9 billion during fiscal 1956, the Eisenhower Administration had paid off $1.6 billion of the national debt, reducing it to $272.7 billion...
...18th and 19th centuries his landscapes influenced a whole generation of English painters. Sir Joshua Reynolds made copies of Rembrandt's paintings, and so did Gainsborough and Turner. Goya's studio had ten Rembrandt prints, to which Goya freely admitted his debt: "I have had three masters: Velasquez, Rembrandt, and nature." As the pendulum swung from classicism to romanticism in the 19th century, Delacroix seized on Rembrandt to best his classicist rival, Ingres, and wrote: "Perhaps we shall one day find that Rembrandt is a greater painter than Raphael...
...biggest private investments ever made in hydroelectric power. Grant County's financing plan also was unusual: to help shoulder the costs, twelve public and private utility companies in three states have signed 50-year contracts for 63½% of Priest Rapids power output, guaranteed repayment of the debt...