Word: loaned
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Dates: during 1950-1959
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...searching for the light, first a physics and then as an English major, Jacobsen gave up. In his senior year, he flunked four courses, and the college refused to give him his degree. Last week, when Columbia filed suit against him for $1,000 for repayment of a student loan, Jacobsen lashed back with a suit of his own. Columbia, he said in court, is guilty of "false representation" for not telling him that "it was not equipped to teach pure reason"-and wisdom. Jacobsen demanded $2,000 for every year he wasted at the college, plus cancellation...
...installments the frozen funds (originally about $40 million), chiefly for the expenses of the Egyptian embassy in Washington and the Egyptian U.N. delegation. What was significant in the sudden rush of wishful Egyptian thinking was that Gamal Abdel Nasser, though he had just accepted a $175 million Soviet loan, seemed not entirely satisfied with Egypt's growing dependence on Russia and anxious to develop other friends...
...director of Korea's National Museum) and the recapture of Seoul three months after it had fallen to the Communists saved the treasures. Next week, as a gesture of "gratitude to all those known and unknown American friends who fought with us against the Communist invasion," a loan exhibition from the Republic of Korea, sent abroad for the first time (see color pages), will open in Washington's National Gallery of Art, later tour seven U.S. cities...
...third assumption was that between 1956 and 1961 India could count on getting at least $1.6 billion in foreign aid. Proudly, the Indians asked for loans, not grants. A month ago Indian Finance Minister T. T. Krishnamachari signed an agreement with the Soviet Union for a twelve-year $125 million loan, and last week West German Economics Minister Ludwig Erhard was on the verge of okaying $143 million in credits toward construction of a new steel plant in iron-rich Orissa. Other loans may come from Japan and the Colombo Plan nations...
Nasser has always spurned Western aid as "aid with strings." Yet chances are that his latest loan, like Syria's, also covers new arms aid, and, like Syria's, provides for explicit Russian approval for each project as it comes up. The press called the deal "a triumph for Egypt's positive neutralism...