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Bronze Nude & Car Bumpers. The house, of course, was the White House, and the occasion was that extraordinary Festival of the Arts. Hung on the walls of a ground-floor White House corridor was Peter Kurd's carefully representational Nito Herrera in Springtime, and right next to that was Avant-Garde Artist Jasper Johns's Target with Four Faces, an eerie encaustic on newspaper fixed onto canvas. Down the corridor, in the space traditionally occupied by a life-size portrait of President Millard Fillmore, was Mark Rothko's shimmering abstract Ochre...

Author: /time Magazine | Title: Nation: Festival of the Arts | 6/25/1965 | See Source »

...Only 26 of them were in Rome. Following tradition, Archbishop Angel Herrera y Oria of Malaga received his from Spain's head of state, Francisco Franco...

Author: /time Magazine | Title: Roman Catholics: Toned-Down Consistory | 3/5/1965 | See Source »

...Power & Homes. The bank was set up in 1960 to step in where private banks and other international lending institutions feared to tread. Under its able and imaginative president, Felipe Herrera, 41, a Chilean economist, el BID has granted longterm, low-interest loans for hydroelectric power in such marginal-risk areas as Guatemala and Paraguay. About 35% of its loans are for agricultural projects, which often get a cool reception from international bankers. Last year the Mexican government received $30.5 million to reclaim and settle 130,000 desolate acres in the southeastern state of Tabasco, while Venezuela and the Dominican...

Author: /time Magazine | Title: The Alianza: Our Bank | 4/24/1964 | See Source »

...Panama meeting last week, President Herrera was unanimously elected to a second five-year term. "Our institution must continue to demonstrate that, being a bank, it is also more than a bank," he said. "Therefore, we must expand our operations to respond to the needs of our national masses." The U.S. obviously agrees. Secretary of the Treasury Douglas Dillon brought to the meeting a U.S. offer of yet another $750 million in Alianza funds for el BID over the next three years...

Author: /time Magazine | Title: The Alianza: Our Bank | 4/24/1964 | See Source »

...keep up with the demand, the bank is already looking for more money. Herrera hopes to persuade the bank's members to increase their antes, and double his authorized capital to $2.3 billion. This way, the bank would have the reserves to expand its activity in the bond market. Last year the bank raised nearly $100 million on two bond issues sold in the U.S. and Europe. Normally, the market for Latin American bonds is dyspeptic, but the two Inter-American Bank issues were oversubscribed at a premium...

Author: /time Magazine | Title: The Alianza: Everyone's Bank | 4/26/1963 | See Source »

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