Word: progressives
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Dates: during 1950-1959
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...framework comprehensible at home and abroad. The program is new in the sense that the Administration now seeks to deploy the U.S.'s economic might not merely to stave off Communist aggression but to roll it back by enlarging the area and the appeal of freedom-plus-economic-progress. Moreover, the new program, evolving out of such successful predecessors as the Truman Doctrine and the Marshall Plan, is in keeping with U.S. traditions and the U.S. idea. "We are stirred not only by calculations of self-interest," said the President in his TV speech, "but also by decent regard...
Economic Aid. The new program offers long-term aid on a loan basis to the underdeveloped countries of Asia and Africa to help provide the visible signs of economic progress that their peoples are learning to expect and demand. The method of providing capital is entirely new: creation of a Development Loan Fund, to replace former handout-style grants, through which the U.S. will be able to channel $500 million in fiscal 1958 and $750 million in both fiscal 1959 and 1960 into basic foreign-growth projects such as roads, dams, utilities, "the sinews of economic strength...
Donald McDonald, Teamster bookkeeper, who admitted he had not known that Beck had borrowed huge sums from the union until mysterious repayments arrived in walloping big lumps-including $100,000 within the previous two weeks. Asked Goldwater: "Is he making much progress in paying [his loans] back?" Said McDonald: "Three hundred and seventy thousand dollars worth. That is quite a bit of progress...
...brought death to Spain's Marquis de Portage, two other drivers and nine spectators (TIME, May 20), decided to leave his profession alive. "I have sworn to my wife Isabella that I will never race again," said he solemnly. "Roads have become insufficient in the face of mechanical progress. It is impossible to guarantee the safety of spectators...
...Without even giving him a hearing, President Ralph Draughon of the Alabama Polytechnic Institute bowed to the will of his trustees, summarily sacked Assistant Professor of Economics Bud Hutchinson, 36, for writing a letter to the undergraduate Plainsman praising the progress of integration in New York City's public schools. Said the president: "In the light of the emotions and tensions over this question in Alabama. I felt that Mr. Hutchinson could not expect to advance his career at this institution." Obviously, retorted Hutchinson, "professors who dare to perform their function of providing information do so at the peril...