Word: loaned
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Dates: during 1950-1959
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...Ryan's gangster-ridden International Longshoremen's Association has long been notorious for dock scandals: graft, extortion, kickbacks, loan-sharking, gambling, strong-arming, pilferage, gang warfare, wildcat strikes. Mild A.F.L. President William Green never did anything about it, but soon after George Meany succeeded Green last December, the A.F.L. Executive Council began to think of taking some action. Last week, after giving Ryan a chance to speak his piece, Meany announced that the council was not satisfied: it recommended that the upcoming A.F.L. convention suspend the I.L.A. from the federation...
...Secluded Suburbia. Although Lincoln resigned from the Farm Bureau co-op after the war, he did not stop expanding. He added a radio broadcasting company, an auto loan company, a mutual investment fund. He got into housing in 1947, when he started Peoples Development Co. to build 34 homes in housing-short Bellevue, Ohio at the request of the National Machinery Cooperative. To finance home loans at Lincoln Village, he started Peoples Mortgage...
...nicely with his sugar business: he forced a foreign-owned distillery of industrial alcohol, the only one in Egypt, out of business and set up his own. Other postwar Abboud projects: a $7,400,000, 300,000 tons-a-year nitrate fertilizer plant financed by an Export-Import Bank loan, the first in Egypt, and a half interest in the contracting of a $10 million hydroelectric project on the Nile...
...Real Collateral. In Comfort, Texas, after Bank President L. F. Goforth turned down his request for a $2,500 business loan, the applicant started to leave, changed his mind, brandished a revolver and escaped with...
INCENTIVES for U.S. planemakers to build commercial jet transports are being pushed by New Hampshire's Senator Charles Tobey. His plan, which has the blessing of CAB Chairman Oswald Ryan, calls for 1) Government loans of up to $20 million on 75% of the development cost of prototype jet airliners and 2) "forgiveness" of $2,000,000 of each loan for every plane built...