Word: loaned
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Dates: during 1950-1959
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Premier Shigeru Yoshida's government, of course, would like to have a large loan to tide it over, but Washington feels that pouring in money will induce another period of Japanese inertia. Washington favors more belt-tightening, more austerity, and possibly devaluation. Japanese businessmen are screaming that the amount of austerity already decreed and enforced by Yoshida is producing deflation and unemployment...
...lavish (TV, air conditioning, Muzak, a 165-ft. swimming pool), 1,100-room Shamrock Hotel, opened in 1949 by Wildcatter Glenn McCarthy. The seller was the Equitable Life Assurance Society, which took over the $21 million hotel in 1952 as part payment on a defaulted $34 million loan to McCarthy Oil & Gas Corp. Equitable's price to Hilton: $18 million, including $7,000,000 for 500 surrounding acres of land...
...additional profits from sales or rentals. In his case, said Levitt, the $5,000,000 was simply his building profit and was made only after he had sold out. Furthermore, said Levitt, windfall profits were made under Section 608 of the housing act, which guaranteed one big mortgage loan on the estimated "cost" of the project...
...chunk of the stock. Richardson sold 200,000 shares to Kirby, thus repaying the $5,000,000 that Kirby had lent him to buy the stock. Another 300,000 shares, in effect, went to Alleghany Corp. for $7,500,000, the money going to repay a bank loan the Texans had made for the stock purchase. Since the stock was selling for about $23 last week, Kirby and Alleghany lost around $1,000,000 on the deal. But it was only a paper loss, since they merely lent the stock to Murchison and Richardson to vote for Young...
Thirty-seven of the paintings were on loan from the U.S.S.R., which had confiscated them at the time of the revolution. Many had belonged to an art-loving Moscow grain merchant named Serge Stchoukine. When the magnate's daughter Irene Stchoukine, who now lives in Paris, started legal proceedings to get back what she considers her rightful inheritance, the Iron Curtain clanged down. One day last week a little black truck sped up to the gallery door, loaded all the disputed Picassos aboard and whisked them off to the Soviet embassy. There, the paintings were back on Soviet soil...