Word: interestingly
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Dates: during 1950-1959
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...sense of proportion. The crowded committee room was silent. Teller began to reply: "I chose the profession of a scientist," he said, "and I am in love with science; and I would not do willingly or eagerly anything else but pure science because it is beautiful and my interest is there. I don't like weapons. I would like to have peace. But for peace we need weapons, and I do not think my views are distorted. I believe I am contributing to a peaceful world...
...small cities with low credit ratings. Fortnight ago, Republicans on Fulbright's Banking and Currency Committee (joined by Democrats Paul Douglas of Illinois, Allen Frear Jr. of Delaware and Willis Robertson of Virginia) trimmed the bill's total from $2 billion to $1 billion, upped the proposed interest rate from...
When the bill was called on the Senate floor last week, Fulbright doggedly introduced a 3% interest amendment. But Republicans pulled him up short a second time. They argued that the lower interest rate was a short-term rate unsuitable to long-term loans, defeated the amendment (41-40) in a straight party vote. But when the bill had been shaped to suit them, 20 Republicans shifted, helped pass (60-26) and send to the House the measure making loans available for small-town schools, hospitals, sewers, parks and recreational facilities...
...Base. During the debate over the interest rate, Bill Fulbright took off onto a new and unusual line of advocacy. Arguing for his 3% interest, he ticked off foreign nations that have fared as well or better with U.S. loans: "Afghanistan pays 3% on its mutual-security-program loan. Burma paid 2⅜ on an overseas surplus property loan. Nationalist China under the mutual-security program has been paying 3%." Cried he: "It is beyond my understanding why grants to that extent and loans for economic development in the amount of more than $41 million can be extended...
Although Eugene Black, president of the World Bank, has expressed interest in Monroney's proposal, little has been done about the plan since it was introduced two months ago. The "international piggy bank" could be an extremely useful device for making the present international (Western) loan program more effective and more generous. The direction of American foreign aid funds to an international agency such as the I.D.A. would be a sign of good faith and of "no strings attached" aid that the Soviets might feel constrained to match. Monroney's proposal, though not a panacea, is probably a good idea...