Word: funded
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Dates: during 1960-1969
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...crewmen were installed in a four-story pink stucco building normally used by students at the Navy's Hospital Corps school; their families checked into the El Cortez Hotel atop a hill in the city's center, their bills to be paid with a $40,000 fund raised by the San Diego Chamber of Commerce. The men got some $200,000 in back pay and promptly unloaded some of it in the PX, opened for an hour despite the holiday. After a Christmas dinner, Bucher read a message from the families of Apollo 8's astronauts: "Your...
...department heads get the same pay: $35,000 a year* plus such perquisites as the use of a limousine. Yet to become Secretary of State, William Rogers is giving up an income in the $300,000 range, derived from his law practice and his limited partnership in the Dreyfus Fund. David Kennedy (Treasury) has been earning more than $230,000 a year, plus stock options, as chairman of the Continental Illinois National Bank and Trust Co. Maurice Stans (Commerce) has been grossing about $250,000 as president of the investment-banking firm of Glore Forgan, William R. Staats...
...francs has been stopped. Some $500 million in francs has returned to France in the past month. Furthermore, despite the franc's recent weakness, France still possesses some $3.5 billion in gold and foreign currency reserves plus nearly $4 billion in standby credits from the International Monetary Fund and her Western trading partners. Even so, the nagging worry remains either that the austerity program will bring on a recession or that runaway prices will force a devaluation to keep French goods competitive on the world market...
When Cheek took over in 1963, the Baptist university was virtually bankrupt. He mounted an emergency fund-raising campaign that eventually allowed him to double faculty salaries. Full professors now earn up to $14,000, which is in line with faculty salaries at most private white colleges. Following his conviction that Negro applicants who score low on white-oriented aptitude tests are not necessarily unfit for college, he has relaxed entrance requirements, abandoned rigid grading and allowed students to proceed at their own pace, graduating in anywhere from three to six years. When critics suggest that he is indulging...
Rigged Subsidies. To forestall speculation, any currency changes would be negotiated in extreme secrecy. Many experts argue that a reshuffling of parities should precede efforts to introduce more flexible exchange rates. Under today's International Monetary Fund rules, member nations must prevent their currencies from going more than 1% above or below official parity. Allowing fluctuations of 4% or 5% would theoretically help to eliminate recurrent monetary crises. But such a reform would take quite a bit of time to negotiate, and the talks themselves might heighten speculation...