Word: lended
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Dates: during 1960-1969
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...Interest. Shrewd, autocratic Walter Heller is the leader in a fast-growing type of commercial financing that only in recent years has become completely respectable. When banks lend money to firms, they do so on the basis of assets and good credit standing, a yardstick that often rules out loans to small or struggling businesses. Heller, on the other hand, does not bother himself about the borrower's credit, takes on firms with chronic management or financial ills as readily as sound companies that have fallen on hard times. Reason: he accepts a company's accounts receivable...
...Camp David last September, Nikita Khrushchev's complaints to President Eisenhower about restrictions on U.S.Soviet trade drew a polite but pointed reminder that the U.S. might do more business if the Kremlin paid its bills. On the U.S. Treasury books since 1945: Soviet debt for lend-lease goods usable in peacetime, originally set at $2.6 billion but later reduced to $800 million (of total wartime U.S. aid worth $10.8 billion). Last Soviet offer, made by hard-haggling Stalin in 1951: $300 million. Asked if he wished to reopen negotiations, Khrushchev beamed: "Of course, we'd be glad...
...showed no Camp David openhandedness, demanded that trade be discussed along with the debt. U.S. Negotiator Charles E. Bohlen, longtime (1950-57) U.S. Ambassador to Moscow and now Special Assistant to Secretary of State Herter, patiently explained that trade bans were largely Congress' affair, and what about the lend-lease bill? Last week, his patience worn thin after four fruitless sessions, "Chip" Bohlen broke off the talks, marking the third U.S. failure since 1947 to get a pennies-on-the-dollar settlement of a bad debt...
...Colombia President Lleras Camargo, one of the hemisphere's most sober thinkers, believes that the U.S. should swallow hard and lend money for land reform across the hemisphere. "That is where the backwardness of our countries is," he says. "In the fields...
...stage, Nasser's aides now declared that it had been "inevitable" that the Russians should get the contract. They added that the Russians planned to merge the two stages of the billion-dollar job, thereby cutting construction time from ten to seven years. The Russians also promised to lend $258 million at 2½% interest. As West Germany's Erhard, getting there too late, arrived in Egypt this week, the jubilant Egyptians said that there were plenty of other projects in the U.A.R. for the West to help with if it wants...