Word: money
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
There was something besides the bribe behind Ankrah's sudden departure. Ghana is scheduled to hold national elections in September and return to civilian rule. Politically ambitious, Ankrah needed the money to pay for a survey that assessed his chances of winning the presidency. There may also have been tribal jealousies involved. Ankrah is a member of the Ga tribe, dominant around the capital, and Afrifa belongs to the Ashantis. Furthermore, Afrifa is a supporter of a fellow Ashanti, former Opposition Leader Kofi Abrefa Busia, who is a candidate for the presidency...
Ironically, the trade links between the two countries were created by what the Israelis call "blood money." Their industry was set up largely with the help of $900 million in reparations, which Bonn paid from 1953 to 1965, stipulating that most of the funds had to be spent in West Germany. Once the payments ended, trade replaced aid. Much of the German machinery acquired in the 1950s now needs replacement, and orders are flowing into Germany. Bonn has also buttressed the buy-German trend by providing $115 million in development loans since...
Loosening Old Ties. Industrial corporations have increasingly been drawn into building and development deals by the opportunities to use borrowed money and tax advantages for an exceptionally high return on their own investment. Developers commonly borrow 90% of the funds they need to operate-a ratio that would worry executives involved only in manufacturing...
...entry of big corporations into a field long dominated by small operators should add powerful momentum to the nation's ambitious goal of almost doubling housing production (to an average of 2,600,000 units a year for the next decade). Even if enough mortgage money were available, the old-line construction industry would not possess the entrepreneurial or technical base for so rapid an expansion. In any case, craft labor unions, archaic local building codes and the industry's fragmented organization inhibit mass production and inflate construction costs. Big combines might ultimately even do for housing...
Like innumerable young men before them, Peter Whitfield and Robert Tanner dreamed of making a pile of money fast without much work or capital investment. Unlike most, these two former Oxford economics students have succeeded. The inspiration that sent them on their way came to Whitfield in bed one night in 1962. He leaped up and began scribbling down his idea; then he called on his friend Tanner. After putting up $200 each, they established headquarters in one room of a small hotel owned by Tanner's family in Golders Green, a polyglot district of Northwest London. They were...