Word: funding
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Dates: during 1960-1969
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...boss Suharto have plenty of other economic problems. Inflation is rampant, and Sukarno, who scorned foreign aid, left the country with massive international debts. Suharto's "New Order," though, is beginning to make some order out of the mess, with advice from the International Monetary Fund and the World Bank. A moratorium has been arranged on debt repayments, a total of $230 million in aid has been arranged from nations in both the East and West blocs, and Suharto hopes to achieve a balanced national budget of $813 million this year. Most significantly, the Indonesian Congress last month passed...
...Napoleon. Reyre, a career banker who took charge of Paribas in 1948, has so far multiplied its assets tenfold, to $1 billion. A constant innovator, he was the first French banker to bring out convertible bond issues, invest in the Sahara oil boom, and create an open-end investment fund to lure small investors into the French stock market...
...second major effort in recent fund raising was the Program for Harvard Medicine, which sought $58 million, chiefly to support new professorships and complete the Countway Library. This effort was brought to a successful conclusion during 1964-65, the final year in the long period of George Berry's extraordinarily constructive Deanship...
...surprising in view of the University's present standing in the world, and its extraordinary vitality, that demands for new capital are many and urgent. In view of their multiplicity it was decided last year that the University could not now mount another single central effort for capital funds and give it more prominence and attention than a number of others. Instead a new policy of fund-raising was adopted. Under this a number of efforts of equal standing (in terms of the attention and assistance they may expect to receive from the central administration) have now been authorized...
...excluded from the state colleges and university to make room for the rising number of California applicants. But this would restrict the university's ability to perform an important function--attracting talented and educated manpower into the state. Freezing faculty salaries or spending all of the regents' special contingency fund would be equally ill-advised...