Word: loan
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Dates: during 1960-1969
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Remote Summit. Late last week, the President, Lady Bird and Daughter Luci waited in the darkness at the White House south portico as the Nixons drew up in a big white Continental on loan from the White House motor pool. Inside, Nixon and Johnson talked in the Oval Office for more than an hour and a half; it was their second encounter since Election Day. They discussed everything from housekeeping in the Executive Mansion to Viet Nam, the Middle East, and a possible summit meeting with the Russians before the President leaves office...
...deep trouble; productivity has lagged far behind wage increases, and prices are in a wild upward spiral (120% for furniture, 60% for clothing). Russia, which aims to fasten the nation's industry more securely than ever to its own economic needs, last week proffered a sizable hard-currency loan. As usual, Soviet help would come with plenty of strings...
Ticket in Pocket. The Russians demanded that a large chunk of the loan go to heavy industry, even though the Czechoslovaks had planned to give primary attention to consumer and light industries. The Russians also ruled out expanded trade with the West. Moreover, Brezhnev demanded the ouster of two key liberals: National Assembly President Josef Smrkovsky and Ota Sik, the architect of Czechoslovakia's economic reforms, who retains a seat on the Central Committee despite his self-imposed exile in Switzerland since Russia's invasion. As he was about to fly home for the meeting last week...
...uninterested in what he considered an irrelevant curriculum. Taylor organized a group called the "Modern Strivers." With the help of George Rhodes, Washington's assistant superintendent for secondary schools, the Strivers worked out a written proposal for their own freedom school.* They raised funds, got the loan of two floors in a church-owned building and a promise of volunteer bus service from Washington's Urban League...
...television newsman in Shreveport, La., was erroneously reported to have had his car repossessed. It took him more than a year to have that false report corrected, and his battle with the credit agency has since cost him a job and a home loan...