Word: loan
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Dates: during 1960-1969
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Last-Ditch Stand. In vote after vote, the bill's critics pushed through amendments. One would require that 50% of all Development Loan and Alliance for Progress funds be channeled through private enterprise. Another tightened aid restrictions on nations that trade with Cuba. Still another established a minimum interest rate of 2% on Development loans-as against the nominal ¾ of 1% "service charge" now required of some economically ailing nations...
Among Unruh's many critics is Bart Lytton, a Los Angeles savings and loan millionaire, who does not believe Unruh has paid him the deference he deserves as one of California's top Democratic fund raisers. Unruh describes Lytton as "a mad genius, in equal parts." Lytton recently suggested that President Kennedy name Unruh to replace outgoing U.S. Postmaster General J. Edward Day. Explained Lytton: "There is a growing feeling among prominent and responsible Democrats that if Unruh is the issue in 1964, we'll probably lose the state. I am trying to advance his career beyond...
...them Georgia President O. C. Aderhold and members of the school's athletic board. Butts, they said, was a man of "bad character"; they testified that they would not believe him under oath. One after another, they characterized the former Georgia coach as a man who dabbled in loan companies on the side and numbered known professional gamblers among his friends. William C. Hartman, who served as Georgia's backfield coach until 1957, testified that in November 1960 he and a group of university alumni had urged Butts to resign as Georgia football coach. They had been disturbed...
Piero Bassetti approached the Manhattan investment firm of Dillon, Read for a $20 million loan to start off the project, aware that a commitment won from it would impress financiers around the world. After two months of investigating the Milanese economy, Dillon, Read approved the loan at a 1% lower interest rate than Milan could have got in Italy. "They'll soon be standing in line to lend us money," crowed the triumphant Bassetti-and he was right. Last week the line was growing, with British and Swiss bankers at its head...
...showing them your country, your democracy, hospitality, progress, etc. you will no doubt, in the long run, achieve more success in fighting communism in Latin America and in gaining convinced and influential friends for the U.S. and the cause of freedom, their by depending exclusively on the loan policy...