Word: loans
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Dates: during 1950-1959
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...gambler, French was inept and intemperate. Since his assignment in June 1956 to a B-36 crew at the Strategic Air Command's Ramey AFB in Puerto Rico, George French, grown fat and dissipated, had piled up almost $10,000 in losses, gone in debt to banks and loan companies to cover them...
...Hollister was right. A significant new policy has been worked out by the U.S. to back the promotion of free enterprise with dollars. Whereas previous foreign-aid bills only paid lip service to free enterprise, the latest foreign-aid legislation contains a whole new section setting up a Development Loan Fund for the express purpose of "encouraging competitive free enterprise" abroad. For the first time the U.S. Government is authorized to make loans directly to foreign businessmen. The Administration and such businessmen as Clarence Randall, former chairman of Inland Steel, and Benjamin Fairless, former president of U.S. Steel, plus such...
...sharp threat to the perpetuation of much of foreign aid in its present form; it calls for a completely new approach. Instead of handing over foreign-aid funds in lump sums to foreign governments to pass out as they wish, it now also becomes necessary to find worthy loan possibilities among private businessmen unable to get credit in their own countries or from U.S. banks. As a starter, the loan fund has $300 million available for this year for loans to promote private business. Applications are expected to total $950 million. Next year Congress has authorized $625 million more...
...York last week came a distinguished Indian visitor seeking money. But unlike some visitors, this one wanted not a handout from the U.S. taxpayer but a private loan. Lean, handsome Jehangir Ratan Dadabhoy Tata, 53, chairman of Tata Enterprises, was looking for an additional $17.5 million of private financing for a 700,000-ton expansion of the Tata Iron & Steel Co. works at Jamshedpur, India. Topping a 500,000-ton addition under way, the expansion will raise steel output from 800,000 to 2,000,000 tons by late 1958, make the plant by far the largest integrated steel mill...
...level of the University, greater administrative cooperation between departments would be of untold benefit to the undergraduate. If red tape were loosened far enough to encourage the occasional loan of the history and literary professors for History and Lit. tutorials, the College and the concentrator in History and Lit. would benefit...