Word: exportable
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Dates: during 1950-1959
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...million, has been put on the market before, but no prospective buyer has ever made an offer which the Government considered acceptable.) Meanwhile, both Congress and the Administration were speculatively eying several bigger Government corporations which could probably sell part of their holdings to private interests. Likely candidates: the Export-Import Bank, which has nearly $2.5 billion in outstanding loans, and the Federal National Mortgage Association ("Fannymae"), which holds about $2 billion in mortgages...
Last week the U.S. Export-Import Bank came to the rescue of Brazil's economy with a $300 million loan to help pay off dollar debts to U.S. traders, totaling more than $360 million. The loan, hotly debated in the U.S. National Advisory Council (composed of the Secretaries of State, Treasury and Commerce, the heads of the Federal Reserve and Export-Import Banks, and the Director of Mutual Security), would do much to assure the success of the Latin republic's new "free" exchange rate, which permits foreign firms to remit earned profits without limit. The loan...
...laws of economics, the Club of the Three Wise Monkeys should be on its uppers these days. Few families can still afford such expensive education-330 guineas a year ($970). But for British finishing schools, the postwar currency laws have worked wonders by all but stopping the annual export of debutantes to the once-popular Continental schools. Last week the Monkey Club could honestly boast that business is booming...
...Jointly financed by the U.S. Export-Import Bank ($14 million) and the Haitian government...
This week, as his second elected term began, Don Federico found his country little changed. Smugglers were running much of the nation's cattle across the border into Brazil to escape unrealistic price controls on beef. Bureaucrats were selling illegal import and export licenses. And the important quebracho, tobacco and cotton trade with Argentina was logjammed against Juan Perón's nationalistic economy. Now exiles have become Paraguay's principal export; of the 1,500,000 population, more than 100,000 (some estimates run up to 500,000) are refugees abroad. Most are members...