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Wise & Long-Range. In his new job, Hamilton will inherit an agency with a lineage going back 20 years to the old Lend-Lease Administration. In its newest form, AID will replace the International Cooperation Administration and the Development Loan Fund, with responsibility for most foreign-aid functions. Hamilton will have close to $4 billion to distribute among needy nations-and the special assignments of persuading them to spend their dollars wisely, on long-range programs of economic development...

Author: /time Magazine | Title: Foreign Aid: First AID | 9/29/1961 | See Source »

...iron V-6 engine, which replaces the more expensive aluminum V-8 and cuts $100 off last season's list prices. In styling, both the compact and standard Buicks are little changed, although the standard Buick's extra inch in width and two to four in length lend it a lower, more massive look...

Author: /time Magazine | Title: Autos: What Is Settlement? | 9/29/1961 | See Source »

Ladies' undergarments, like the Marshall Plan, are designed to lend support to needy areas. The help, however, is meant to be unobtrusive, and should not -via bulge, seam, ridge or twanging wire -make itself conspicuous. The U.S. foundation industry has looked for years for a brassiere that will support and uphold the female figure (and its component parts) without betraying its truss...

Author: /time Magazine | Title: Fashion: Underneath, Underwear | 9/22/1961 | See Source »

...front grill and a squared-off rear end give them a wider, more massive appearance. For the man who wants the look but not the leak of a convertible, the F85 and the 88 feature a sheet-metal roof contoured like a cloth top, even to the ripples that lend the illusion of a metal frame supporting sagging fabric...

Author: /time Magazine | Title: Business: Rites of Summer | 9/1/1961 | See Source »

Hughes's control of TWA began to slip last year, when he ran into trouble with a $165 million financing plan to pay for jets. New York's Irving Trust Co. and Equitable Life finally agreed to lend TWA the money, but only on stringent conditions: Hughes was obliged to place the 78% of TWA's stock owned by Hughes Tool Co. under the control of a voting trust composed of former Ford Motor Co. Chairman Ernest Breech, former U.S. Steel Chairman Irving S. Olds, and Raymond M. Holliday, chief operating officer of Hughes Tool...

Author: /time Magazine | Title: Business: Turbulence at TWA | 8/18/1961 | See Source »

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