Word: imported
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Dates: during 1960-1969
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...schoolmaster who had graduated summa cum laude from Manila University and served as Magsaysay's budget commissioner. "What do you think about graft and corruption?" he asked. When Aytona bluntly replied that reform was necessary, Garcia named him Secretary of Finance, in charge of customs, internal revenue and import licensing-the three major areas of political gravy...
Latin Americans who look north to the U.S. for the funds that they need to build their way out of backwardness inevitably focus on the U.S. Government's biggest single source of foreign-development capital, the Export-Import Bank of Washington. What they find is a bank that this year is lending seven times as much development capital as it did a decade ago, a bank that takes the risks that Wall Street shuns-yet a businesslike bank that holds to hard-loan standards...
...Export-Import Bank was chartered in Depression-struck 1934 to help finance U.S. exports, and a provision was included that all loans to foreign nations must be spent on U.S. exports. Franklin D. Roosevelt and Bank Founder Jesse Jones primarily intended that the bank should finance trade with the Soviet Union, but this deal fell through when Russia refused to refinance its public and private debts to the U.S. The first Ex-Im loan then went to Cuba to finance the minting of Cuban silver coins...
...IMPORT QUOTAS were cut by Interior Department from present 1,600,566 bbl. a day to 1,377,674, beginning July 1. Imports of oil used mainly for ship and factory fuel were reduced by nearly 50% for Eastern U.S. after pressure by coal...
...Intelligence Agency for its "stupidity in sending a flying spy to risk getting caught in the middle of Russia just before the summit conference." Said the St. Louis Post-Dispatch: "Do our intelligence operatives enjoy so much freewheeling authority that they can touch off an incident of grave international import by low-level decisions unchecked by responsible policymaking power?" The Post-Dispatch also called for an official investigation "into the circumstances which placed our country before the world in the light of a barefaced liar." The Sacramento Bee said the Eisenhower Administration had "left matters so subordinates could wreck...