Word: loan
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Princeton officials said last month that the new loan policies will affect 10 to 15 percent of the incoming class, with the homeequity changes helping 30 to 35 percent...
...says, adding that she would not have gone to Saipan if she had known what the working conditions were like. But having borrowed the equivalent of $2,800 to pay the "recruitment fee" in China, she cannot return until she has earned at least enough to pay off the loan. "That comes close to the definition of indentured labor," says Allen Stayman, insular-affairs director at the U.S. Department of the Interior, who is pressuring the Northern Marianas to clean up sweatshop practices or face a federal takeover of immigration and labor controls. "The local immigration and labor departments...
President Pusey and The Crimson were back onspeaking terms by 1959, when the President madehis decision to suspend Harvard's use of fundsauthorized by the National Defense Education Act.The government monies, which provided a largeamount of loan funds and outright grants everyyear, came with long and binding strings attached.Every recipient was required not only to sign aloyalty oath but also to sign a document attestingthat the beneficiary had not been a member of anumber of subversive organizations...
...asked MOMA to keep the works in New York until the legal title to the pictures was clarified. "The museum," said Reif, "must make a moral determination on this." Exactly wrong: the museum's responsibility for moral issues stops with the works in its own collection. MOMA had a loan contract with the Leopold Foundation to return the works to Vienna as soon as the show closed. Such contracts are, of course, vital to the arrangement of institutional art loans. The free circulation of works of art among museums depends on them. "If we can't honor our contracts...
Whether anything but rhetorical heat and resentment will come out of this whole debacle remains to be seen. At worst it could do severe damage to the loan system on which museums depend, while adding very little to the principles of restitution of stolen property. But that's what can happen when grandstanding pols and D.A.s get in on emotionally supercharged issues that ought to be resolved with tact and studious neutrality...