Word: fund
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Dates: during 1950-1959
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...eyes of most Europeans, the likely gains far outweigh the risks. Return to convertibility, said Per Jacobsson, managing director of the International Monetary Fund, "is an outward and visible sign of the comeback of Europe in world affairs." More important yet, it went a long way toward establishing the climate of economic freedom in which international trade and investment have historically flourished. And it was only by establishing such a climate that mid-20th-century Europe, shorn of its empires, could achieve long-term prosperity and political health...
DEVELOPMENT LOAN FUND, from which U.S. lends to spur private enterprises abroad, has suffered severe pruning in battle of budget. With backlog of about $1.5 billion in loan requests from all parts of world, fund had hopes for $1 billion appropriation in next fiscal year. But Administration reluctantly cut figure to $700 million, and Congress is expected to trim more...
...exam period ends, Dean Bundy announces that he is taking the suggestion of allowing typing on examinations under advisement. "What the Dean means to say," his secretary points out, "is No." The New York Times Fund for the Needy announces its donation to Nathan P., who is supporting a large family. Unfortuntely the allotment falls somewhat short of the requested $85.5 million...
Eleanor Roosevelt receives an honorary degree from Harvard. Dean Adams goes back into retirement. President Pusey, emerging from a toplevel conference with Program officials, reports that he has reconsidered the Fund for the Needy's offer and is willing to accept. 1100 seniors are admitted to the fellowship of academic men. 1000 of them go on relief...
...many new capitalists that the number of stockholders passed the 10 million mark. Merrill Lynch alone is adding new accounts at the rate of 950 a week. Mutual funds are growing almost as fast. In 1940 there were only 68 mutual funds with $448 million in assets; today 149 funds hold $12.75 billion in assets, the great bulk of it stocks. Another $12 billion in stocks is held by other institutional buyers such as insurance companies and pension funds. Even such stiff-collared investment bankers as Lehman Bros. and Lazard Frères went into the fund business, unable...