Word: funds
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Dates: during 1980-1989
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Philip Schaefer had come cross-country from San Francisco to enrich Michael Dukakis' campaign treasury. It was a fine evening, Schaefer recalled, but he was surprised that his $1,000 ticket bought snacks instead of filet mignon. "Governor," joked the Democratic fund raiser, "never have so many paid so much to eat so little." "What do you mean?" shot back Dukakis, reveling in his reputation for parsimony. "We had an open...
Other Republicans seem in no danger of that. Senator Bob Dole has raised $3.7 million and is also drawing on funds collected for his last Kansas campaign. Former Delaware Governor Pierre du Pont, though still a distant figure in polls, has pulled in $2.3 million. By contrast, New York State Congressman Jack Kemp has been trying to shuck a reputation as the tin-cup candidate. Though he has collected $3.3 million, much of it comes from direct- mail solicitation, a high-cost technique that helps explain why he had a mere $150,000 balance after allowing for pending bills...
Like commercial creditors, the Paris Club governments insist that creditors who plead for rescheduling should receive at least a word of approval and an interim loan from the International Monetary Fund in Washington, an organization to which club members also belong. Then, to convince the club that they are truly unable to pay back outstanding loans, petitioners must do a virtual striptease, disclosing their most sensitive financial data. "One of the unwritten rules is that the confidentiality of a debtor country's economic and financial statistics is sacrosanct," Trichet explains...
...Methodist unit in Oklahoma has asked the church's Judicial Council to decide who should supervise a "local elder" such as Roberts -- the regional unit or the local congregation. Anti- Roberts rumblings are spreading across the denomination. Last month delegates representing 104,000 Methodists in western Tennessee condemned his fund raising as "offensive, inappropriate and objectionable" and "harmful to the reputation" of the United Methodist Church...
...World Bank has announced that it does not consider the proposed CARP plan a viable program, primarily for reasons of funding. The government is severely strapped for cash. Originally the funds to be recovered from Marcos' illegal dealings were to be used to fund the agrarian reform program; much of this money, however, has yet to materialize...