Word: nonprofit
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Dates: during 1950-1959
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...nonprofit corporation, the Foreign Bondholders Protective Council, began working out agreements with the Latin Americans, cutting interest rates drastically and accepting token settlements on back interest. Bolivia, the 15th and last of the governments involved, announced last week that it will resume interest payments this summer on $56 million in old bonds. Rates will start at 2% and move up gradually to 3% by 1964. A sinking fund will be started to buy up the bonds in the free market or pay them off by lots at par-$1,000 plus $100 settlement on back interest. It was a lean...
Unlike the staid A.P., a nonprofit cooperative owned by its member newspapers, the United Press for half a century has aggressively sold its product to all comers. Thus, it has never wavered from Founder E. W. ("Damned Ol Crank") Scripps's belligerent belief that only a profitable news service can achieve editorial impartiality. The first major U.S. news service to prosper as a commercial undertaking, the U.P. today is the world's most enterprising wire-news merchant, an international giant serving 1,560 U.S. newspapers and 3,270 other clients in the U.S. and 71 foreign countries (estimated...
...respected, nonprofit, nonpolitical Committee for Economic Development, made up of businessmen and educators, last week came out for more, not less, foreign aid, called for a long-range program of supplying capital (chiefly in loans) for sound development projects in underdeveloped free world nations that are making "honest efforts at self-help...
...brainstorming session took place on Laboratory, an experimental program on Boston's young (22 months) WGBH-TV, the only nonprofit educational station in the Northeast.* By insisting on distinction, and paying the occasional penalty of seeming dull, WGBH-TV has not only built up a loyal audience, but also finds ways to draw Bostonians away from the more frenetic fare of the commercial networks. It accomplishes this on a $400,000 annual budget, roughly the cost of one network spectacular. Of that amount, one fourth comes from the $3,000,000 endowment of its proud, richly endowed parent...
...comparison with other U.S. campuses, a mediocre place in danger of stagnation. Restless and indefatigable, Litchfield taught political science at the University of Michigan, at 33 became General Lucius Clay's civil-administration director in Germany. Later, he took over the Governmental Affairs Institute, a nonprofit research organization, and as a dean at Cornell University, he made the Graduate School of Business and Public Administration one of the most flourishing institutions of its kind in the U.S. But not the least of his assets has been his refreshingly frank way of attacking things he thinks are wrong...