Word: low-interest
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...defined and limited. The bill provides up to $18 billion for municipalities to build new sewage-treatment plants, with 75% of the money being paid by Washington and 25% by states and cities. It would finance the removal of toxic sludge from river and lake bottoms and also provide low-interest loans to small businesses for antipollution equipment...
...airlines have options for 74 planes. The builders do not expect all those options to be taken up. Even state-owned BOAC and Air France have not signed contracts to buy, despite intense pressure from their governments. The two airlines are holding out for the governments to offer low-interest, long-term loans and guarantees against operating losses. The officers of most lines, still struggling with the high costs and excess capacity of the jumbo jets, wish that the Concorde would just go away...
...float glass and radio tuners. U.S. industrialists also complain bitterly (and enviously) about the special help their Japanese rivals get from the Tokyo government: official blessings for cartels formed to win big foreign orders, lavish and extensive government-financed studies of which overseas markets might be easiest to crack, low-interest loans to exporters from the government-dominated banking system, and the lowest corporate taxes in the industrial world...
...urgency of tapping overseas resources has propelled the Tokyo government into a direct role that goes far beyond the customary low-interest development loans. The government sometimes helps finance private speculation in overseas raw materials. Tokyo is setting up a $1 billion fund for that purpose with an unusual feature that absolves unsuccessful prospectors of any risk. If a project such as drilling for oil turns out to be a flop, the government will simply write off the loan as a loss. If it is a success, the private developers will repay the money that they borrowed for the venture...
...Because Tennessee's Albert Gore, defeated for reelection, spent his final days in the Senate intransigently delaying consideration of U.S. contributions to international lending agencies, Congress finally sent to the President a bill drastically different from the one he wanted. It now contains no "soft" loan funds (low-interest, long-term repayment) for Asian nations, and only $100 million in such loans for Latin American countries instead of the billion Nixon sought...