Word: funds
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Dates: during 1960-1969
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...efforts to reduce the appropriation still further, finally mustered a vote of 167 to 143 for a bill providing $2.19 billion, a cut of $1 billion from President Johnson's original request. The earlier authorization measure approved by both houses required that the Government's revolving loan fund, which allows poor nations to make arms purchases, be ended by June 30. The House appropriations bill goes even further by forcing the President to reduce any underdeveloped nation's economic aid by the amount of its own funds that the country spends to buy sophisticated weaponry. Only Greece...
...there was more bitter medicine to swallow than devaluation. In order to back up devaluation with financial muscle, Britain not only had to go hat in hand to the International Monetary Fund (to which it already owes $1.4 billion) to ask for a fresh drawing of $1.4 billion, but also had to arrange a multinational loan of $1.6 billion from its partners, thus creating a new $3 billion support package in order to prevent the total collapse of the pound. To back up its action, the government raised the interest rate from 61% to 8% in order to attract foreign...
...would dismember the many fragile and intricate international monetary mechanisms that have developed since 1949. Keeping those mechanisms oiled and balanced is the task of the international banking community's senior members, who are usually referred to as The Club. The Club works with the International Monetary Fund in Washington and the Bank for International Settlements in Basel, the official bankers to countries...
Characteristically, Dr. Murray reported his work at a fund-raising dinner. Unexpectedly, he had a patient wheeled into the ballroom. The patient: Bertrand Proulx, 24, a Quebec truck driver whose spinal cord was injured in an accident four years ago, had not been able to move his hands or elbows and breathed with his diaphragm because he could not expand his chest...
Last year Radcliffe managed to stay n the black, chiefly because of the increased level of gifts. The college's $25 million endowment does not generate enough income to cover annual expenses. The college therefore has to count on its fund raising efforts to meet the bill...