Word: loans
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Dates: during 1950-1959
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...payment, the U.S. agreed to accept not dollars but Indian rupees. Further, the U.S. agreed to spend all of the rupees it will receive in ways calculated to benefit the Indian economy. The breakdown: 65% to go to India as a new U.S. loan, the details of which are still under negotiation; 15% to be a direct U.S. grant to help India's economic development; 20% to go toward U.S. Government costs in India, e.g., the construction of a handsome new U.S. embassy in New Delhi (see ART). The U.S. attached an enlightened self-interest condition to the deal...
Agriculture. Both agree that farmers are entitled to a full share of the national prosperity; that the soil bank, commodity loan and rural electrification programs should be continued; that new foreign markets must be sought for U.S. farm products; that the plight of low-income farmers must be remedied. Beyond these, the issues are struck. The Democrats urge restoration of rigid price supports at 90% of parity, aim toward 100% of parity with a variety of proposals for more federal farm legislation. (Notably avoided: any mention of the ill-famed Brannan Plan, long the official policy of the Truman Administration...
After arranging a $500,000 loan from a Manhattan bank to get the paper started again, the trustees persuaded 850 employees to come back to work without immediately getting a month's back wages $187,000. With no change in the editorial direction, the trustees hope to keep the Post going long enough to plan its reorganization and woo a buyer. But the paper had already lost some of its features, staffers and circulation (240,000 before it closed down) to other Boston dailies. After running downhill at a fast clip under Fox's four-year control (TIME...
...need for bartering away surplus cotton. Turning the other cheek, the U.S. practically embargoed arms shipments to Israel, and even volunteered to help build a $1.3 billion dam at Aswan, offering Nasser a $56 million grant for a starter. The World Bank pledged an additional $200 million loan...
Freaks & Gaffs. Though the carny thinks it only just to fleece a sucker, he is rigidly honest with his own kind. If he needs money, he does not get a loan-he gets a "lift," and it is invariably repaid...