Word: pledgees
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Dates: during 1950-1959
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Unlike the U.S., the Iron Curtain countries almost never make outright grants of money; instead, they specialize in barter deals and in loans payable at a modest 2½% to 3% over periods ranging up to 30 years. They have avoided demanding any overt political pledge, are ostensibly content to...
Despite its frequent blunders and bad faith, the Soviet bloc is undeniably getting more for its aid dollar than the U.S. The fact that the Soviets make loans rather than gifts is not resented as tightfisted, instead flatters the touchy pride of newly independent nations as businesslike dealing between equals...
Ritual & Blunder. Moving to order the political disorder left in the Middle East by the withdrawal of France and Britain, the U.S. briefly seized the initiative by proclaiming the Eisenhower Doctrine of aid to any Middle Eastern land asking for help against Communist attack. The President's pledge and the...
In 1957's twelve months, Nikita Khrushchev, peasant's son and cornfield commissar scorned by the party's veteran intellectuals, disposed of all his serious rivals?at least for the time. For good measure, he turned on the Soviet Union's No. 1 soldier and war hero, Marshal Georgy Zhukov...
Another likely candidate for mayor is Councilor Thomas McNamara, who has received the pledge of Al Vellucci's vote on the first ballot. In the 1956 elections, McNamara abstained for two weeks before casting the fifth and deciding ballot for Sullivan.