Word: loan
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Dates: during 1960-1969
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...Archie K. Davis, 54, its gregarious chairman, who handles the vital outside contacts. Both worked their way up from clerks, and both have a single goal: to finance as much Southern growth as possible with Southern money. Wachovia has the fastest-growing mortgage department and the largest auto-loan operations in the South. It keeps 20 officials on the road to promote business opportunities in North Carolina, has a top official in each branch whose job is to lure new industry. "Our future is dependent on this state and this area," says Watlington, "so it behooves us to build...
...result is that Japan has rebounded from a trade deficit in 1963 to what is expected to be a substantial surplus in the first quarter of this year. Because business confidence has suffered in the process, the Bank of Japan has begun to ease up, last month shaved its loan rate from 6.57% to 6.2%. Governor Makoto Usami, one of the most powerful influences on the Japanese economy, feels that the rate should soon be cut even more...
...Cuban mercenaries in U.S. employment. No Congolese are capable of flying a fighter plane. The few that are being trained in Oklahoma and Belgium will not be ready until next year. And moreover, Congolese national coffers are so depleted that they cannot afford to maintain an airforce even on loan...
...major countries to save the pound then. The credit was due to expire this month, but Britain, having already used up about $1 billion of it, last week won an extension. To meet its obligation to repay, London is negotiating with the International Monetary Fund for a long-term loan...
...Confidence Man. Gogol's confidence man is Chichikov (Vladimir Belokurov), an on-the-make bureaucrat who haggles with miserly and drunken aristocrats for their dead serfs (listed on the government tax rolls as alive) so that he may pose as a propertied man, float a mortgage loan, and make a fashionable marriage. Just as murder is war in miniature, Gogol's Chichikov is a comic common cold symbolizing all the perennial tragic sicknesses of Russia-but not in this hammy production. It looks as though the Soviet Establishment decided that when a masterpiece bites, one has to pull...