Word: funds
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Dates: during 1960-1969
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...been boosted by Cleveland's press and industry, last May persuaded the private sector to ante up $10 million, primarily for housing and unemployment programs. That seed money for a much-touted "Cleveland: NOW!" effort has already sprouted more than $100 million in massive aid from federal matching fund programs. It has found jobs for 5,900 hardcore unemployed-more than a fourth of the city's total-and disbursed $500,000 to help black businessmen get started. It will create 4,600 new housing units by the end of next year...
Ostensibly, the problem was cash. The Major League Baseball Players' Association, which speaks for all the athletes through elected player representatives from each team, wants the club owners to enrich its pension fund with $6,500,000 for three years; the owners are offering $5,300,000. Yet as the infighting got nastier, it seemed to turn into a classic test of strength. On one side, an owner threatened: "If we can't use major-leaguers, we'll fill up our rosters with minor-leaguers." On the other, Marvin Miller, the $55,000-a-year negotiator...
...home has helped to harden the dollar on world markets. One result is that Nixon will speak from strength in any money talks in Europe. While showing little interest in a gold price increase or other radical monetary reforms, Washington is pressing for the activation of the International Monetary Fund's "special drawing rights" as the best immediate way to expand the monetary reserves needed to finance world commerce. The SDKs will come into being after 67 of the IMF's 111 member nations approve. So far only 36 have done so, but enough new ratifications should come...
Harvard officials are worried that several tax reform proposals soon to be discussed by the House Ways and Means Committee would seriously damage the University's fund-raising efforts...
...even if coed living were not approved, merger has some graces beyond corporate finance. The end of cross-corporate billing for interhouse meals should allow freer dining; combining scholarship endowments would hugely increase Radcliffe's small scholarship fund...