Word: fund
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Dates: during 1950-1959
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...While a fund for long-term U.S. aid supported in yesterday's editorial certainly implies a recognition that economic assistance must be a part of U.S. budgets for many years to come, it is hardly an adequate response to the demands of nations that are now under development. Not only is the proposed fund pitiably small; it also will be a venture undertaken by the United States on a bi-lateral basis. This principle of direct nation-to-nation assistance is now coming under increasing attack from recipient nations--an attack that deserves an adequate U.S. response...
...strong argument for setting up even a limited long term fund is that an effective aid program demands advance planning based on financial guarantees that do not disappear with each fiscal year. Simply stated, few projects that are worth the money can be completed in the short space of twelve months, and those that can be finished are generally valuable as part of a broader, continuing program. Business and military enterprises have accepted this principle for years, and it is surprising that long-range financial planning has been absent this long from U.S. programs of economic...
...proposal for a fund for long-term aid is also important as the first concrete U.S. reaction to the promises made by the Soviet leaders in Africa and Asia. From Burma, India, and Afghanistan in the East, to Egypt and Liberia in the West, the Soviets have tried to sell the notion that they can best provide the capital and technicians and equipment needed by less developed nations. It is pointless to proclaim that Asians must beware Soviets bearing gifts, for the gifts look pretty delectable to free, but underveloped countries. The only answer is for the United States...
...Divinity School campaign, which netted $1,200,000 toward endowment, caused most of the donation increase this quarter. The top gifts toward this drive were $500,000 from the Sealantic Fund and $251,774 from the estate of Florence C. Lamont...
...Harvard Fund donated $177,176 to the capital. The Law and Business School funds and the Rockefeller Foundation led the gifts to meet the current expenses of the University...