Word: loan
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Dates: during 1960-1969
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...Metropolitan Museum put on display 1,000 wondrously carved headdresses, fetishes, stools, ancestor poles and soul ships-and other primitive sculptures-from Africa, Oceania and the Americas. All were on loan from the Museum of Primitive Art, which Rockefeller founded in 1957 and endowed with his collection. Since then, the museum has been expanded considerably, most notably by the Asmat carvings collected by Nelson's son Michael before he was lost off the coast of New Guinea in 1961. This week it puts on view 700 charming Mexican folk toys and figurines, festival masks and terra-cotta ewers that...
...shake them up." One of the most important alterations he made in the Johnson budget was to add $25 million for experimental education, enough to fund 15 to 20 projects. "The name of the game is learning, not teaching," says Ed Meade, a high-ranking HEW consultant on loan from the Ford Foundation. "Our focus is going to be to find out how kids learn...
Even more useful than the money, perhaps, was the President's firm support of some relatively new methods of ganging up on the Mafia, which controls most of the nation's gambling, loan-sharking, and drug distribution. The organized criminal, said the President, "corrupts our governing institutions and subverts our democratic processes. For him, the moral and legal subversion of our society is a lifelong and lucrative profession." The Government's traditionally oblique line of attack used to be income tax violations, but big-time hoodlums have learned to keep their books in order. In the last...
...city of Kakinada expanded into the ticket-printing business and now supplies 45 theaters in four states. The owner of a small radio shop opened a branch office which he turned over to a woman manager (an unprecedented delegation of responsibility in India), called in an outstanding loan and established a paint and varnish factory...
...usual, housing will be hit first and hardest because higher interest rates elsewhere will siphon away funds normally available for mortgages. Small businessmen will feel the pinch immediately. Consumers may expect to pay more shortly for auto and appliance loans. Record bond interest rates have now soared beyond the reach of many local governments, forcing them to postpone many projects such as sewer and water lines and school buildings. New York Telephone had difficulty finding takers for a $150 million issue yielding 7.47%. New York's Consolidated Edison had to pay a record 7.9% on an issue...