Word: loaning
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JERUSALEM--Loan guarantees. A new government in Israel and a U.S. election that promises to be closer than expected has vaulted this issue back onto the national agenda in both countries. But the reason for providing Israel with $10 billion in guaranteed loans to assist in immigrant absorption has little to do with settlements, the peace process or even the politics of the U.S.-Israel relationship...
What they need most is jobs. Without the loan guarantees, Israel has neither the capital nor the international economic standing to attract the foreign investment necessary for creating new jobs and industries...
...says criticism has spurred the World Bank to mend its ways. And on close inspection, many of the concerns about the bank's role turn out to be unfounded. For instance, critics such as Greenpeace have argued that the Ndoki park proposal is linked with a loan to Congo that would promote logging. In fact, there is no linkage, and the loan has been tabled because Congo is behind on paying debts. Opponents have also contended that plans for building a road and improving the navigability of the Ndoki River will open the area to those who would exploit...
That alone should improve Israel's strained relations with Washington and prod the Bush Administration into reconsidering the $10 billion in loan guarantees Jerusalem wants to help resettle Russian Jews. Insofar as the settlement imbroglio was part of a campaign to show Israeli voters that the U.S. relationship was in jeopardy under Shamir, it has done its work. In part, the President simply likes Rabin better than the stubborn Shamir; moreover, caught in a tough presidential race, Bush would like to repair his relations with American Jewish voters...
...beautiful show of Guercino drawings on loan from the Royal Collection in Windsor Castle that opened this month at the Drawing Center in New York City reminds you, moreover, how labile reputation can be. Guercino was one of those 17th century Italian artists who sank under the weight of an earlier age's revival. Critics and collectors at the end of the 19th century were so obsessed with the study and acquisition of Renaissance art that they had little time for the seicento; for them, Italian genius lay in "primitive" gold-ground altarpieces and 15th and 16th century frescoes. Consequently...