Word: loan
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Dates: during 1960-1969
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President Johnson's Guaranteed Insured Loan Program has run into trouble just where its critics predicted it would. Since the plan forces students to negotiate loans through private institutions in their home states, Negroes in the South and poor credit risks everywhere are having a hard time borrowing money...
Today, as absolute ruler of every civilian and military police and intelligence agency in the country, Loan (pronounced low-on) commands a force of 65,000, serves as Ky's eyes and ears-and sometimes fist. It was Loan who cracked down on the Buddhists during last spring's riots in Hué and Danang. He has taken over control of Saigon's sloppy port security, sharply reducing theft and graft, is currently using his National Police to clean up An Khanh, a shantytown across the Saigon River that seethes with smugglers and bandits. Southerners accuse...
Recognizing the Southerners' attack on Loan as largely a device to further their own political interests, Ky has flatly refused to go along with their demands that his security chief be fired-though he did agree to issue a public reprimand to Loan for last month's incident. This was not enough to placate the angry Southerners. Their prime mover last week was Economics Minister Au Truong Thanh, 41, who flew into Saigon from Washington with fury blazing behind his tinted bifocals. In a private session with Ky, he once again demanded Loan's dismissal. Otherwise, Thanh...
...technique of giving "scientific treatments" to customers by massaging on creams and lotions from a previous employer, Eleanor Adair, and 3) $6,000 from a cousin, she set up her first salon, for well-heeled society matrons, in a converted brownstone house at 509 Fifth Avenue. The loan was paid back within six months...
...French government has threatened to give its own steel industry a competitive edge by granting it a $600 million low-interest modernization loan and by buying more cheap American coal. Germany says it may help its overstocked and overpriced coal industry with a straight subsidy. The Italians and the Dutch are happily selling steel from their new, competitive seaside plants wherever they...