Word: loans
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Dates: during 1950-1959
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...Iron Curtain nations, only to find that Burma invariably wound up on the losing end. Last week, disillusioned with barters and angered by Russian and Chinese support of Burmese Communists, Burma's new Premier U Ba Swe announced that he hoped to get a long-term low-interest loan of $20 million to $30 million from the U.S. as a business deal "without strings," thus compromising neither Burma's neutrality nor her self-respect as a sovereign nation. The U.S. will supply technicians in exchange for Burma's rice...
Soviet Foreign Minister Dmitry Shepilov reportedly has offered an easy-credit loan to help Egypt build its High Dam on the Nile at Aswan. Egypt's President Gamal Abdel Nasser is happy to have a counteroffer to set against the $270 million primary financing proposed by the U.S., Britain and the World Bank. (The Western offer awaits some ironing out of details, and is also stalled by U.S. reconsideration of where Nasser stands since his arms deal with Communist Czechoslovakia.) To get the Russian loan, Nasser would have to mortgage Egypt's all-important cotton crops...
Within the next few months, the Brazilians hope to get from Ex-Im: 1) aid in refunding part of Brazil's $1.2 billion foreign debt so as to ease the repayment strain during the next five years; and 2) long-term loans, actual or promised, covering a large part of the dollar cost of Kubitschek & Co.'s five-year "Power, Transportation and Food" development program. Kubitschek himself plans to make a straightforward appeal to President Eisenhower at the Western Hemisphere Presidents' meeting in Panama. Another Brazilian of distinction who will work for the Ex-Im loan...
...delighted to have another math instructor. Fordham moved his family into a house in nearby Hamilton, and his wife Geneva, who also had credentials from Westminster, landed a job in a Hamilton elementary school. For the Fordhams, the future seemed assured-until one day they applied for a small loan at the Household Finance Corp...
RECORD DIVIDENDS will be paid out by savings and loan associations next week, says U.S. Savings & Loan League. With 19 million savings accounts, an increase of 1,000,000 since January, savings and loan associations will pay out $520 million in semiannual dividends, $95 million more than July 1955 and $53 million more than last December...