Word: loaned
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Dates: during 1950-1959
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Under the stiff terms of last year's $300 million U.S. Export-Import Bank loan, Brazil was required to pay off the entire sum in two years, starting this fall...
...Brazil President Marcos de Souza Dantas decided that there was a question Washington must be asked: Did the Export-Import Bank want Brazil to cut its purchases from the U.S. by one-third, or would it rather maintain the flow of business by lengthening the period in which the loan could be repaid...
Taking his question to Washington last week, Souza Dantas made his country's trade position clear: the U.S. share of the Brazilian market has already declined from 52% to 28% in five years, and if his country has to set aside $14 million monthly to repay the loan, there will be even less left to spend for U.S. exports. While Souza Dantas journeyed on to Manhattan to discuss the same problem with U.S. bankers and exporters, U.S. Ambassador James Kemper telephoned Washington from his post in Rio. Asked whether he talked to President Eisenhower, he said...
...therefore could not be pawned. When Pope Leo XIII died in 1903 and Cardinal Sarto had to go to Rome for the conclave, he did not have enough money for the railroad fare and the Catholic bank in Venice refused to lend it to him. He got his loan from a Jewish friend and bought a round-trip ticket to save money...
...blue-eyed Grace Kelly is known around Hollywood as a rich girl who made good. She was born in Philadelphia, where her father, John B. Kelly, turned a $7,000 loan in 1919 into a bustling $18 million construction business.* After she finished high school, Grace headed straight for New York, where she studied at the American Academy of Dramatic Arts. She worked first as a photographer's model, then slowly began to get parts in television, summer stock and, finally, one or two Broadway shows...