Word: loans
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Dates: during 1950-1959
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...came through with a loan ($100 million), and a platoon of economists, health officers, farmers and sociologists descended on the country, full of good will, all ready to help the Indonesian raise his standard of living, rebuild his country, increase his crops, strengthen his army, educate his people, improve his health and save him from Communism. Instead of being met with open arms, they found themselves treated with indifference, hostility and suspicion. Baffled, saddened, the experts went home, vaguely aware that to the Indonesians independence meant something quite different from the Western notions, and that the Indonesians are an Asian...
...Washington had relented somewhat. Though most of the technicians were already heading for home, the U.S. agreed to prolong the life of the joint commission for another three or four months. Brazilian Ambassador Walther Moreira Salles also got word that another $48 million worth of electric-power loans would probably be granted before the end of June, and that the World Bank would open a special office in Rio to keep the bank up to date on the backlog of $226 million worth of pending loan projects after the commission folds...
Such concessions served to quiet Brazilian fears that the $300 million loan obtained last February to pay off dollar creditors might be lumped by the new U.S. Administration under the general heading of aid to Brazil, and thus used as an excuse to forget the rest of the joint commission's projects. They also helped make clear that, in the U.S. view, the basic question is not really whether Brazil should get development loans, but when. The Vargas administration would naturally like to start some badly needed projects right away. But Washington-notably the World Bank, which is supplanting...
...Preparedness subcommittee came Truman's ex-Under Secretary of Air John McCone, a Los Angeles Republican, ex-steel-man and onetime shipbuilding associate of Henry Kaiser. McCone recited the crowded events of a busy day in December 1950. In the morning, Kaiser-Frazer got a $25 million RFC loan; at noon, Henry and Edgar Kaiser met McCone at lunch to ask him about defense work; in the afternoon, Fairchild Engine and Airplane Corp. was notified by telephone that Henry and Edgar would come out to Hagerstown, Md. next morning to pick up copies of Fairchild's specifications...
Following this group were former members of the Corporation and the Board of Overseers; Phi Beta Kappa Orator and Poet; trustees of the Hopkins and Loan Funds; ministers of various churches; presidents of other colleges; State Commissioner of Education; U.S. Senators and Representatives; Army and Navy Officers; Judges; State Lieutenant Governor; Judges; State Lieutenant Governor; mayors of Boston and Cambridge; officers of other schools; holders of honorary degrees and the Presidents of the Associated Harvard Clubs and the Alumni Association in order of class. The seniors made up the last group to march into the Tercentary Theatre...