Word: loaned
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Dates: during 1950-1959
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...they talked about was top secret-and stayed that way. But Perón may have touched on his union strength, or the vote-getting power he could swing for the next presidential election, or the good standing with the U.S. that he demonstrated by getting a $60 million loan this year. Whatever happened, the 8:25 news program dedicated to Eva went back on the air, and Perón's portraits went back on the walls. Lucero began to look less like a new strongman and more like...
...offices of the weekly New York Age Defender, paused in the next block to chat with a sidewalk watermelon vendor and assure him that he loved watermelons but did not have time to eat a slice just then. At the Carver Federal Savings and Loan Association, he accepted a new half dollar with the likeness of George Washington Carver on it, then whipped-around to the United Mutual Life Insurance Co. to deliver a little talk to the staff on the value of life insurance and a stable dollar. Nixon was driven to the Harlem branch of the Y.M.C.A., where...
...already in. Mexican Light, given a 21% rate rise and promised another increase later, paid its first common-stock dividends in 41 years. Last week it confidently put $2,000,000 worth of securities on the market; the company expects eventually to attract enough private capital-together with public loans and earnings-to finance a $200 million, ten-year expansion plan. American & Foreign Power, promised a rate increase soon, plans a $40 million, five-year building program, using public and private capital. The telephone company got a 45% increase, plus a government loan, and will spend $15 million filling back...
Last week hope was soaring high in the Mezzogiorno. The reason: a $70 million World Bank loan, the largest European development credit granted by the bank to date. It went to Italy's Cassa per Il Mezzogiorno (Southern Development Fund), the special government agency set up in 1950 to push a twelve-year, $2 billion southern revival program. Hampered by petty politics, minor graft and insufficient funds ($180 million yearly), the Cassa has moved slowly for the size of the job, but results are already apparent. It has stimulated $320-million worth of private investment in the region...
Last week's 2O-year, 4¾% World Bank loan (in which the Bank of America has a $5,000,000 share) will finance a $20 million irrigation project to triple the annual value of the Catania Plain's agricultural production by 1967 and create 10,000 new farm jobs in the immediate area. Another $30 million will build eight power projects to increase southern Italy's electric generating capacity by one-sixth; the remaining $20 million will help private investors finance seven new factories (fertilizer, fruit processing, cement, chemicals and medicines, pulp and paper, woolens). Said...