Word: ida
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Roaring north out of the Pacific last week came the worst storm to hit Japan in 24 years. In twelve dreadful hours, Typhoon Ida swept clear up the northern half of Honshu, Japan's biggest and richest island. The torrential rains caused widespread floods and some 1,900 landslides, left half a million homeless. In Tokyo the Emperor's 300 cherished carp were flushed out of the Imperial Palace moat into surrounding streets. (Tokyo cops, splashing in hot pursuit, saved most of the carp as well as the Imperial swans.) On the "Japanese Riviera"-the mountainous Izu Peninsula...
Despite Typhoon Ida's depredations, Japan's rice farmers were counting their blessings last week. By the time Ida struck, the vast bulk of Japan's rice had already been harvested, and peasant pockets were ajingle with the proceeds of the nation's fourth bumper crop (400 million bushels) in as many years...
Bogart is further encumbered with an unfortunate supporting cast. They play a variety of mawkish roles, including a folksy old man from Ohio, a beautiful crippled waif, and the inevitable bad girl with the good heart. Ida Lupino, who plays the bad girl, might be described as a very square Laureen Bacall. She emotes...
...raised. But there is skepticism over Ike's third point, the International Development Association. The association would make long-term low-interest loans for projects the bank did not want to back because the borrower might not be able to pay back the money in hard currency. The IDA would accept repayments in soft currency...
...have been coming round to the view that such a fund is necessary to finance vitally needed development programs that the bank cannot back because they contain individual projects that will not pay off. With the proposed new fund, the bank, for example, could finance a dam, while the IDA could finance nonself-liquidating projects needed to develop the area around the dam. One big point in IDA's favor: it would lessen the pressure on the U.S. for shaky loans or grants. It would also cool the heat on the U.S. in another way. The U.S. has often...