Word: loans
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Dates: during 1950-1959
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...Colombia's $103 million, $78 million came from the Export-Import Bank, the rest from 13 private banks. Announced purpose of the loan was "to assist in maintaining Colombia's essential imports from the U.S." Colombia is suffering from a 3,000,000-bag coffee surplus. Without the dollars the coffee could bring in, the country can hardly keep up with its current U.S. commercial debts. The choice, outlined in April by Colombian Foreign Affairs Minister Carlos Sanz de Santamaria: either the U.S. could grant a loan or Colombia would have to risk wrecking world coffee prices...
...appear before the Miami CAP. The hard-pressed Miamians were stunned to hear New Yorker Pierce say that he had netted $118,775 from the sale of five yachts, given some of the money directly to the New York CAP, invested the rest in a Manhattan building-and-loan association and an airplane sale and rental business in Linden, N.J. He still had a string of unsold yachts and $15,500 in cash, which he offered to the Miami CAP as compensation for having solicited gifts in its territory...
...ROTC, is dull, confusing, and rather unimportant. "The Creative Artist" is well written and interesting, although some personal details and quotations from the artists would have helped considerably. The scholarships article is clearly written, but lists nary a dollars and cents figure and makes no mention of the loan program. The Student Employment story is trivial, and might well have been condensed into the scholarship story that had too many pictures anyhow. The "Jazz" article never gets with it, either in terms of music, style, or personalities. The "Harvard Science" feature begins like a melodramatic parody of Time magazine...
While Nasser junketed through Soviet Russia, his press grandly proclaimed that the German "loan," along with an earlier $175 million Soviet credit, would enable Egypt to fulfill its five-year plan in three years...
...clear that $387,011.65 is a lot of Pepsi. Professional Corporation Baiter John Gilbert (no kin to the silent screen idol) asked if the apartment was finally finished. Steele replied that it was; he had revealed the loan because Securities and Exchange Commission rules state that company proxy statements must list and explain all financial transactions with officers or big stockholders...