Word: fund
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Dates: during 1950-1959
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...decreased by more than 40% from the heyday of the empire. The obvious remedy: increased trade in any of three directions: i) the Red Chinese mainland, 2) the U.S., 3) Southeast Asia. Premier Kishi's pet solution: creation of a $700 million to $800 million Southeast Asian Development Fund drawing its raw materials from the Southeast Asian countries, its capital goods and technology from Japan, and most of its financing from the U.S. The fund, Kishi is expected to argue, will relieve pressure in Japan for greater Red China trade. Moreover, with U.S. backing, it would transform a peaceful...
...defeating the bill, which came out of Theodore Francis Green's Foreign Relations Committee with heavy bipartisan backing. The committee refused to authorize only $227 million of the $3.8 billion appropriation sought by the Administration. Moreover, it even approved the President's request for an economic-development fund of indefinite duration, thus setting a new pattern for economic development funds (TIME, June 3). When the measure reached the Senate, both Minority Leader William Fife Knowland and Majority Leader Lyndon Baines Johnson quickly endorsed it. Said Texan Johnson: "This is the kind of philosophy that will get other nations...
...drastically and accepting token settlements on back interest. Bolivia, the 15th and last of the governments involved, announced last week that it will resume interest payments this summer on $56 million in old bonds. Rates will start at 2% and move up gradually to 3% by 1964. A sinking fund will be started to buy up the bonds in the free market or pay them off by lots at par-$1,000 plus $100 settlement on back interest. It was a lean agreement-the leanest yet in the Council's history-but the council told bondholders...
...What is a truly free society, and how can such a society be maintained?" Vast as these questions are, the Fund for the Republic announced last week that with the help of ten men it would try to find some answers. The ten consultants will meet several times a year, direct and discuss research into how various modern institutions-e.g., the labor union, the giant corporation, mass communications and private pressure groups-affect the workings of freedom and justice...
...Today," said Fund President Robert M. Hutchins, "social institutions have grown to gigantic size, with consequences which the authors of the Constitution could not even imagine." The ten who will examine those consequences: Columbia University's Law Professor Adolph A. Berle Jr., Editor Henry R. Luce, Philosopher Scott Buchanan, University of California's Political Scientist Eugene Burdick, Princeton Historian Eric Goldman, Chancellor Clark Kerr of the University of California, Jesuit Theologian John Courtney Murray, Nobel Physicist Isidor I. Rabi, University of Chicago Anthropologist Robert Redfield, Theologian Reinhold Niebuhr...