Word: funded
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Dates: during 1950-1959
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M.I.T. returned the check, referred the letter to its sales organization. An Englishman wrote that he was selling his home and coming to the U.S. to invest his money in mutual-fund shares and to get a job selling them. The president of an insurance company in New Delhi asked if he could come to study M.I.T.'s operations because "I feel that even in an underdeveloped economy there would be room for an institution of this type." One North Carolina man went to Boston, called on Robinson, said he owned $270,000 worth of stock in a Southern...
...departed recession, which cut tax revenues by $6.2 billion, raised spending by $1.5 billion, for such antirecession programs as higher housing outlays and pump-priming public work projects. Other spending pressures: a $900 million post-Sputnik boost in defense, $1.4 billion turned over to the International Monetary Fund as of July 1 (but charged against the dying fiscal year), a $2.2 billion overbudget outlay for buying the bumper crops produced by the obsolete farm-subsidy program...
...stop to subsidy millionaires, but in the final maneuvering it was raised from $50,000 per farmer to $50,000 per crop. ¶ The Senate overrode a favorite project of Foreign Relations Committee Chairman Bill Fulbright (and the State Department): putting the Foreign Aid Development Loan Fund on a five-year basis by the device of borrowing $1 billion annually from the Treasury. In mid-debate. South Dakota Republican Francis Case casually made a point of order: Wasn't this provision circumventing the Appropriations Committee, which should approve all such spending schemes? Republican Leader Ev Dirksen deftly used Case...
...nation's dollar reserves just about gone and some of its industries near bankruptcy. Generalissimo Francisco Franco decided to face the unpleasant facts. Last week he agreed to a sweeping austerity program in order to qualify for "at least $200 million" in credits from the International Monetary Fund and two other agencies, including' an undisclosed amount from the U.S., which already pours $200 million a year into Spain. Among the austerity reforms...
SOCIAL SECURITY FUND will run $87 million in red for fiscal year, which began July 1. Higher social security taxes, which went into effect last Jan. 1, are expected to boost fund's income over outgo, starting in 1961; fund's $1.5 billion deficit, accumulated over past three years, is scheduled to be repaid...