Word: fund
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Dates: during 1950-1959
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...ease the blow, the War Office set up a special fund totaling nearly $140 million for severance payments, terminal grants and pensions. Examples: a colonel retired at 45 after 24 years' service can receive as much as $16,800 in severance pay, a terminal grant of $7,728, and a pension of $2,576 yearly. A sergeant retired after 17 years will receive $3,500 severance pay, a terminal grant of $630, a pension of $384 yearly...
...from left to center, the U.S. sent $50 million to start a highway and building boom that has kept Guatemala prosperous. But graft, always present, kept pace with prosperity. The President alone dispensed $1,000,000 a year through the old and perfectly legal custom of confidenciales-a confidential fund that he could spend as he saw fit. With paternal pride, Castillo launched ambitious health-and-education programs, plastering the country with signs urging peasants to "Wash Your Hands Before Eating." To replace Arbenz' helter-skelter expropriation of rich plantations, he started a gradual system of land reform...
...evening papers, only four put the Nixon story on page one at the earliest opportunity; four buried it inside the paper; and six did not run it the first day at all. But as soon as the Stevenson fund story broke, all the evening papers played it on the first page. Of the 18 morning papers, only eight front-paged the story in the next edition; seven ran it inside; and three omitted it completely...
...small but persistent inflation, rather than basic monetary unsoundness, is the basic cause of economic trouble in the United Kingdom, Edward Bernstein, head of the Statistics and Research Department of the International Monetary Fund, asserted last Thursday...
Bernstein urged putting an end to Britian's "transitional restrictions" on free conversion of sterling into gold and dollars, since, he said, de facto convertability already exists in New York and Zurich. A reserve currency must be convertabile, he said. International institutions, such as the Monetary Fund, can combat drains on gold and dollar reserves, he added...