Word: loan
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Dates: during 1950-1959
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SEOUL--Government officials say South Korea is expected to ask the Development Loan Fund for $3,900,000 to help build Seoul's first subway. The Transportation Ministry says total cost of the proposed subway would be 25 million dollars...
...criticized the affidavit "because it is ineffective as a weapon against subversion, offensive to the sensibilities of many loyal Americans, and--in view of the large number of institutions of higher learning which have withdrawn from the loan program because of it--inimical to the success of a most important effort to improve educational opportunities in the United States...
After swearing allegiance to the U.S., should a college student who gets a federal loan also have to file an affidavit that he is not subversive? Yes, according to the National Defense Education Act. No, according to 16 colleges and universities that now refuse to take part in the $30 million Federal Student Loan Program, and to many others who participate unhappily. When Harvard and Yale recently quit in protest (TIME, Nov. 30), they declared that the "disclaimer affidavit" is i) superfluous and 2) discriminating against students. Yale's President A. Whitney Griswold called the affidavit reminiscent...
...funds for needy students, however much they might wish to follow the Harvard-Yale principle. Ike voiced sympathy: "I rather deplore that universities have found it necessary to find, for the moment, a narrow dividing line and therefore keep a number of citizens out of taking advantage of the loan provisions that the Federal Government set up." But the President also put his full weight behind a possible compromise at the next session of Congress: repeal of the disclaimer affidavit, retention of the oath of allegiance. "For my part," said Ike firmly, "I should think that the loyalty oath...
...hour ("I was grossly underpaid"). In 1919 he shipped around the world for a year as a coal stoker on a freighter ("I had to get that phase out of my system"). At 30, he bought Bridgeport Pattern and Model Works with "$80 and a $3,000 loan,'1 changed its name to Bridgeport Machines, Inc., and went to work manufacturing milling machines. The company now has 400 profit-sharing, nonunion employees, is worth $6,500,000. Married and the father of two daughters, Bannow sings a rousing first bass in a Bridgeport male chorus, the North Star Singers...