Word: fund
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Dates: during 1950-1959
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...decorations and five-star fleet-admiral's rank. He said: "Let the younger fellow's take over." and Bull Halsey's officers-Forrest Sherman, Arthur Radford, Mick Carney, Arleigh Burke-did. He put in a stint for International Telephone & Telegraph Corp., launched but lost a fund-raising drive to save his old flagship Big E from the scrap heap. "Remember!" he rasped. "Scrapped ships will not rest peacefully in deep blue waters beside the gallant Lexington, Wasp, Hornet, Houston, Atlanta, and all the brave others. Our Navy must remain strong!" Last week, on Fishers Island...
...taxes will increase federal fund allocations to the states to $1.8 billion in fiscal 1961, and $2 billion in fiscal 1962. Even so, the 1961-62 total will fall $600 million short of the $4.4 billion originally programmed for both years, is expected to slow the building schedule by six months. But the very fact that cash is ready to flow again will permit the states to resume contract awards, give a fresh lift to the construction industry in the next few months...
...overseeing longterm, low-interest loans for the world's underdeveloped nations. So well has he handled the job that President Eisenhower last week nominated him for a post that will keep him away from Ohio even more: managing director of the two-year-old Development Loan Fund, to succeed Dempster Mclntosh, who resigned July 1 to become Ambassador to Colombia...
Brand believes that loans from the U.S. Government should supplement rather than replace U.S. private industry abroad. Says he: "I want to see American industry do the job. Instead of promoting state enterprises, let's foster the private side." As head of the Development Loan Fund, he intends to stress private enterprise more than the fund has done, give more loans to foreign businesses instead of governments. He also hopes to get more money from Congress. Right now the fund has $53 million to give out in loans, but the loan applications total $1.4 billion...
Last week, after first granting and then withholding approval, the Kansas City council voted unanimously to bar an emergency fund drive. It issued a bravado-packed statement that "the finest and best medical attention would be furnished by the municipality"-at taxpayers' expense. It ordered the city's health department to make sure that all needy patients get treated at the city's General Hospital. But this left a lot of loose ends. Many patients were being treated in private hospitals-and with the high costs of polio care, almost every family becomes needy...