Word: loan
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Dates: during 1960-1969
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Training & Loans. Houphouët's biggest problems are 1) a need for bright, well-trained African businessmen and civil servants, and 2) the envy of his neighbors. To solve the first, he is channeling 25% of the country's $263 million budget into education (v. only 10% for the army) and setting up 50 technical institutes and training schools. As for such neighbors as Togo, Dahomey, Niger and Upper Volta, he says: "I'm not interested in making the Ivory Coast an oasis of prosperity in the middle of a desert of misery. Sooner or later...
...scandal was Max M. Kampelman, 47, a Washington lawyer who served as Humphrey's legislative assistant for six years and is still regarded as a close political confidant of the Vice President's. Representing a Minneapolis company called Napco Industries Inc., Kampelman signed a $2,300,000 loan agreement with AID in 1962 to send auto-parts plant equipment to New Delhi. Napco failed to deliver, and the Justice Department recently filed suit to collect...
...Loan's act caused little stir in Sai gon, where for two years the general has waged a ruthless, successful campaign against street terrorists. His fellow student in pilot-school days and longtime sponsor in government, Vice President Nguyen Cao Ky, dismissed the incident with little more than a shrug. But the execution aroused sharp world opinion, and raised a question that has concerned the U.S. since it took on the Viet Cong: How should prisoners in a guerrilla war be treated...
...qualify for P.W. privileges if they 1) carried arms "openly" or 2) fought "in accordance with the laws and customs of war." But in Viet Nam, what is a uniform? The Viet Cong dress in the black pajamas of the country peasantry or in ordinary street clothing, like Loan's victim, and wear red armbands or other identifying badges only in combat. And what, in Viet Nam, are the laws and customs...
...dire need of cash, he was rescued by the Teamsters Union, which proffered him a $2,000,000 loan. Soon after, he flailed the Kennedys for "railroading" the Teamster chief. Under the headline, GOD BARRED BY HOFFA'S JAILERS, he recently castigated prison authorities for returning devotional material that some nuns had sent to Convict Hoffa. He explained his own devotion to Hoffa. "As is this newspaper," he wrote, "the Teamsters are concerned with mercy, charity and helping the average citizen of the U.S. gain the highest possible living standards...