Word: funded
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Dates: during 1950-1959
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Fulbright was vexed at the President, because White House influence had helped kill off Fulbright's cherished plan for a five-year Foreign Aid Development Loan Fund, financed by back-door borrowing from the U.S. Treasury (TIME, July 13). Ike was vexed at the Senate, because it had chopped heavily into military assistance funds in cutting his $3.9 billion request for foreign aid authorization down to $3.5 billion. The Senate, he told his press conference, was "not taking into account the tremendous responsibilities of the U.S.," and he hinted that he might call a special session if military...
...proper Bostonians were properly appalled at the way Amherst was snapping up scholarship students and leaving Harvard far behind. Good Harvardmen quickly raised an $11,350 fund of their own; soon it was known as the Lowell Trust, after the Lowell family treasurers, who began running it in their spare time during the Civil War. In 1922 the job fell to a modern and most civic-minded Lowell, astute Banker Ralph of the Boston Safe Deposit & Trust Co. By last week, when he finally decided to hand the reins over to Harvard itself, the fund had lent...
This was impressive enough. A more startling statistic still was the size of the fund, whose borrowers have rarely defaulted. When Ralph Lowell took over 37 years ago, the fund was a relatively piddling $238,000. By "simple New England prudence" (i.e., buying blue-chip stocks and bonds), Harvardman ('12) Lowell in his off hours has boosted the fund...
...general sessions to be held at the Business School, other phases of high school administrative and educational problems will be discussed by such speakers as Lester W. Nelson, treasurer of The Fund for the Advancement of Education, Wilbur J. Bender, Dean of Admissions at Harvard College, and Matthew P. Gaffney, Roy E. Larsen Professor of Education...
Even more dangerous to Nixon was the 1952 affair of the "Nixon Fund," which also makes the most dramatic reading in the book. Ike was at first undecided about whether or not to drop his running mate and told reporters that anyone on his ticket would have to prove himself "clean as a hound's tooth." Hearing about the remark, Nixon "forced a disbelieving smile and muttered something to himself." Later, Ike seemed to try to postpone a decision; reports Mazo: "Nixon stiffened and said sternly, 'There comes a time in a man's life when...