Word: loans
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Dates: during 1950-1959
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Ornes now plans to look for a job in the U.S. While he looks, he should have ample time to meditate on what that one ill-tombed caption cost him: his substantial savings, the paper (which he held under a Trujillo-granted loan of $640,000), an income of around $50,000 a year, and a $60,000 villa. Bootlicking El Benefactor, it would appear, is a remunerative business-while it lasts...
...Egypt still had to find more than $400 million in foreign exchange. For two years, the World Bank mulled over Nasser's request for a loan. It wanted guarantees that the dam was feasible, that Egyptian finance was stable, and that there would be no graft. Not until Russia recently charged forward with an offer of $300 million for the Aswan Dam did things begin to stir in Washington. The U.S. decided at last to underwrite the Egyptian investment...
Last week the World Bank was polishing the fine print in the terms for a $200 million loan, and the U.S. State Department steeled itself to ask Congress for perhaps $200 million more, spread out over the ten years that the dam will take to build. With hopes for another loan from Britain, Premier Nasser can afford to turn down the Russian offer and still stop up the Nile with a mighty wall, not of concrete but of granite blocks, just like the ones that pyramids were made...
...Pedro Aramburu and his government quite content to forget it and get on with friendship as usual. Holland twice chatted cordially with Aramburu and held lengthy talks with Aramburu's No. 1 economic advisor, Raúl Prebisch. They agreed to go ahead with the $60 million U.S. loan for an Argentine steel mill that had been in the works under Perón, and completed the spadework for future credits...
...around $500,000) and signed one afternoon in a Birmingham hotel room. Though self-made Publisher Newhouse prides himself on using his own money to buy news papers, he admitted reluctantly that the whopping price had sent him to Manhattan's Chemical Corn Exchange Bank for a loan of "about $10 million...