Word: loans
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Nasser sets out to build his $1.3 billion, three-mile dam, the Soviet credit-on easy long-term loan-will be but a drop in the bucket. Perhaps Khrushchev's cracks at joint East-West aid were an attempt to head off any Nasser move now to get Western help in making the dam a reality. But Khrushchev's bold gesture stirred Arab gratitude, and Nasser had his own domestic reasons for making it sound bigger and better than it actually...
...revolutionary loan program which would allow students up to 60 years to pay for their college education was proposed yesterday by Seymour E. Harris '20, Lucius N. Littauer Professor of Political Economy...
...success of long-term loans at low rates in use today indicates that such a plan would work, asserted Harris. "M.I.T. has a terrific loan plan, with only one per cent default in 25 years," he pointed out. The Business School's program, which depends "on moral obligation," is another instance of such a plan's effectiveness, Harris said. The system, he maintained, should prove to be "the most effective way of getting tuition...
...This plan requires a public relations job," Harris stated. "People are afraid to borrow." Harris cited the lifetime earnings of $500,000 that the average college graduate can expect. "The costs exclusive of tax deductions for a 20 to 40-year loan would be less than one per cent of lifetime income," he emphasized...
Last month the great Monopoly game ended. Coleman and Siegel retired nearly all their high interest debts by negotiating with Chicago's First National Bank a single $3,150,000 loan that runs for five years at 5%. "For two years we'd been putting our fingers in the dike, first here, then there," says Siegel. "What a relief...