Word: ifc
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Dates: during 1950-1959
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...Venture. Most dramatic among the week's trade-policy developments was Treasury Secretary George Humphrey's announcement that he had approved U.S. participation in the International Finance Corp., an institution to be set up as a subsidiary of the World Bank (International Bank for Reconstruction and Development). IFC, brain child of the World Bank's President Eugene Black, will invest capital and share ownership in private ventures, mainly in underdeveloped lands, and thus also promote private investments which would not otherwise be made...
...interference. Most of the restrictions on the clubs do not stem from the University but from the fraternities' own governing body, the Interfraternity Council. As far as female guests ion the clubs are concerned, the University has maintained a hands-off policy. All restrictions have been set by the IFC. The rules are complicated but in general they allow women until 11 p.m. on week nights and one a.m. on weekends. Surprisingly, most fraternities follow these rules to the letter even though there is little chance of punishment if they are broken...