Word: loaned
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Dates: during 1970-1979
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...planes equipped with a new airborne warning and control system. He is intensifying Iran's already close ties with the U.S. in the private sphere as well. Final agreement is expected soon between the Tehran government and Pan Am on a $300 million deal in which Iran will loan the debt-ridden airline $245 million and also gain a majority interest in the prosperous chain of Intercontinental Hotels that Pan Am owns. "Your country has been of great help to us," said the Shah to Ford. "That is something we do not forget." Last week those words of good...
...loss the securities it now holds. Controller Harrison Goldin, who had to cancel the sale of $280 million in notes last week because of the possibility of receiving no bids, has been trying to interest foreign investors in buying New York City paper. A more likely outcome is a loan from the state government, which would have to market its own bonds to raise the cash. This was a suggestion made by the White House. Treasury Secretary Simon urged the city to charge tuition at the city university, reduce professors' salaries, hold down wage increases of city employees...
City Manager James L. Sullivan last month called the loan order "the best bargain this city has ever made...
Independent Councilors Thomas W. Danehy and Daniel J. Clinton both opposed the loan, however, as an unnecessary drain on city finances...
...loan order, which passed the council on a 7-2 vote, still must be approved today by the state board of education. If the board votes the loan, the state must refund 65 per cent of school construction costs and 50 per cent of program operating costs...