Word: loans
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Dates: during 1950-1959
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...course, already supports both the Colombo Plan and U.N. aid programs--but with microscopic financial contributions. Total U.S. allocations to the United Nations Technical Assistance Program last year amounted to only $13.8 million, and a small loan and grant program to the Colombo Plan started last year for the first time...
...militarily a neutral state," he declared, "but there is no neutrality of spirit for us, and therefore no 'neutralism.' " Simultaneously, Raab let it be known that Austria had decided not to accept Russia's offer of a $20 million loan, but had agreed instead to accept an American loan on the same easy terms...
...back-country Swiss doctor, Ditisheim became a Basel banker specializing in international finance. He made his first killing in 1931 arranging a $100 million debt payment by Russia to Germany. Six years later he helped Nationalist China use its silver hoard to float a $10 million war loan. He has always enjoyed spending money as much as making it. Coming to the U.S. in 1941 "to retire," he first lived in California, then bought a house in Tarrytown, N.Y., played polo, water-skied, flew small planes. After his wife persuaded him to stop flying, he took...
...then discovered that $80 of the $105 had been diverted to the budgeteer, only $25 to creditors. There are other sharp practices. The Federal Grand Jury in Chicago last year indicted a debt-pool outfit which assessed customers a $75 "survey charge," then sent them next door to a loan company to borrow the $75. Another Chicago pooler would collect his fee, make a few payments, then recommend that his client go into bankruptcy, steering him to a fee-splitting lawyer. In Seattle a truck driver who got behind in his payments to the prorater found that the agency...
...this era of inflation, any able undergraduate can earn $600 in a summer. But for those who cannot or will not, loan facilities still make it possible to avoid cutting into school work with term-time employment...