Word: foreign-aid
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Later this month, however, as the Senate Foreign Relations Committee sits down to review the 1974 foreign-aid budget, it will find that U.S. aid to Thieu's police continues to flow richly through a series of semicamouflaged channels. Senator Edward M. Kennedy, who has denounced the practice as "repeating the mistakes and failures of the past," estimates the total at $15 million a year and adds: "Presumably there is more buried elsewhere...
...have been unable to win them back, even when no other qualified Nigerians are available to fill them. The East Central state is occupied by two federal army divisions, and it receives far less than its share of federal development funds. "The word is out," says one foreign-aid official, "that the East Central state is last on the list for everything, even books...
...military, commercial and foreign-aid ventures for years have pumped a stream of dollars into non-Communist Asia. Usually, the dollars flowed right out again-mostly to London or Zurich. Asian capitalists preferred to deposit coveted hard currency without encountering the burdensome exchange restrictions and withholding taxes on interest that they would meet at home. Now, however, a growing number of the dollars are traveling no farther than Singapore. There, U.S. bankers and local officials have created a Far Eastern version of the Eurodollar market-the $40 billion pool of U.S. money on deposit in private banks in Europe...
...Soviets will send to West Germany 52 billion cubic meters of gas over 20 years, starting in 1973. To enable the Soviets to pay for the pipe before they deliver the gas, a consortium of 17 West German banks will lend them $328 million at 6.25% interest-practically foreign-aid terms. A West German firm will build a link extending an existing pipeline from the Czechoslovak border town of Cheb into Bavaria...
Through exchanges of men and ideas, the Weizmann Institute has played an important role in Israel's small but determined foreign-aid program. Such activities may expand when Dr. Albert Sabin, the developer of oral polio vaccine, takes over as president next January. Israel, he told a 25th anniversary banquet in New York last month, is "a pilot plant for the hundreds of millions of people living in ever greater poverty and misery" around the world...