Word: fund
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Dates: during 1950-1959
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...Wisconsin Senate seat, may inflict even more wounds in the 1958 congressional elections unless the right wing starts fighting Democrats instead of Ike Republicans. Visiting Chicago last week for what Illinois' Governor William G. Stratton had proclaimed as "George Humphrey Day," the ex-Treasury Secretary spoke at a fund-raising banquet in his honor, volunteered a Dutch uncle's advice. Stop complaining about little things, he admonished, and start appreciating big accomplishments...
...closed-door, pre-banquet luncheon before 150 G.O.P. fund raisers from nine Midwestern states, Humphrey tried to straighten some of the hair he had frizzed during the budget flap last winter, when he remarked that continued big budgets would bring on a hair-curling depression. Said he: "I think you might just as well admit that there is a wave of criticism, a wave of disappointment, a wave of complaint that is going all over the country-here in Chicago, Cleveland, Pittsburgh, in a lot of places. It is more prevalent with just the kind of people who are right...
...this year, U.S. exports to the sterling area exceeded imports by $396 million, and that hardy old bogey, the dollar gap, was once again casting its specter over Europe. (Even the Germans have an unfavorable balance of trade with the U.S.) At this week's International Monetary Fund meeting in Washington, Thorneycroft and other European delegates will pose anew the old question: How can Europe play in the poker game of international finance and trade when the U.S. holds the chips? The implied European threat is to set up its own separate game, cutting all the U.S. imports...
WORLDWIDE INFLATION is cutting into the $8.9 billion International Monetary Fund, which makes loans to bolster shaky currencies. With demand rising for IMF credit, Fund Boss Per Jacobsson wants to put bite on IMF's member nations to boost their contributions 30% to 35%. If raise is okayed, U.S. will have to add $1 billion to its quota of 2.75 billion...
...right. A significant new policy has been worked out by the U.S. to back the promotion of free enterprise with dollars. Whereas previous foreign-aid bills only paid lip service to free enterprise, the latest foreign-aid legislation contains a whole new section setting up a Development Loan Fund for the express purpose of "encouraging competitive free enterprise" abroad. For the first time the U.S. Government is authorized to make loans directly to foreign businessmen. The Administration and such businessmen as Clarence Randall, former chairman of Inland Steel, and Benjamin Fairless, former president of U.S. Steel, plus such business organizations...