Word: loans
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Dates: during 1950-1959
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...find its true value, discarded much red tape that distorted and paralyzed Argentina's foreign trade. A fortnight ago, to help shore up the peso and make the economy more productive, U.S. Government and private banks, as well as the International Monetary Fund, announced a $329 million loan to Argentina. The loan soothed many Argentines, who tend to blame Frondizi for the discomforts of living within their means, but the program is not popular and enforcing it will take all of Frondizi's skill...
...should have the ringing rhetoric of a tent-meeting preacher and the money-making genius of a loan shark, but first of all, a college president should be a scholar. Last week the heads of two of the nation's most prestigious women's educational institutions gave evidence that whatever he does, a scholar is not necessarily happy as a college president. The two presidents, both of whom resigned...
Square Deal. In Boulder, Colo., the coordinator of scholarships at the University of Colorado admitted that it is almost impossible to find students qualified for the Herrick Loan Fund, which can go only to recipients who do not drink, smoke or swear...
...weapons duplication. On agriculture, the President hoped and expected that Congress would reduce the drain of crop-support programs. On foreign aid, the President wanted an increase in funds that was modest in terms of the need, e.g., a jump from $400 million to $700 million for the Development Loan Fund. Already the President had ordered a whole section of the message to be devoted to the national need to balance the budget as an essential element of U.S. and free world stability. And he got some support for his case from the news that the dollar was losing some...
Ever since, Communist Gomulka has been trying vainly to lure the peasants back into what his government calls "cooperatives." Biggest lures: fat, long-term loans to any group that wants to socialize itself; cut-rate machinery and fertilizer, plus state money to buy livestock and state land if needed. As a result, 499 collectives were formed in 1958-but in the same year 470 were dissolved. Typical example: five farmers near Warsaw announced that they intended to form a cooperative farm. The government lent them funds to buy pigs and offered land to raise them on. Starting with eight brood...