Word: quota
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Cash Needed. But IMF does need cash. In boom, recession or crisis, the trend is toward increasing demand. Since Suez the fund has passed out in hard money loans some $2.7 billion, or two-thirds of all its outlay since the IMF was organized. Moreover, quotas have become unrealistic. Booming West Germany with $5.8 billion in foreign exchange and gold reserves is assessed only $330 million; the United Kingdom, with reserves of only $3 billion has a $1.3 billion quota...
...Soviet Union enjoys a more enviable lot than the men and women who break sports records. They are pampered and idolized, and, considering their perquisites, they are amateurs only by courtesy. How they behaved outside the stadiums hardly mattered so long as they continued to chalk up a satisfactory quota of victories inside. But last week, as the European championship track and field meet was about to start in Stockholm, Russia's favored athletes found themselves in an unfamiliar kind of trouble...
Lobo has already made profits enough this year to satisfy most men. A severe drought in Puerto Rico and a 126-day strike that paralyzed Hawaii's sugar industry prevented both from meeting sugar quotas to the U.S. To make up the shortage, Cuba's sugar quota was boosted three times in five weeks, all of which was money in the bank for Lobo. In no time, he dispatched a Lobo-chartered ship, the largest ever to carry sugar out of Cuba, to the U.S. West Coast with 19,000 tons...
...increases its commitment (now $2.8 billion) to the fund, other nations with strong economic positions, such as Canada and West Germany, will also have to follow suit. West Germany still has the original fund quota of $330 million, which was fixed before the country's astonishing industrial recovery. With $5.5 billion in accumulated foreign exchange and gold reserves, Bonn could well afford to double its quota in the fund. Since the German mark is as sound as the dollar, an increase in the German quota would greatly reduce pressure on the fund's U.S. dollars. The U.S. also...
...away from big rewards alone because they can be given to only a few, are won again and again by the same crack salesmen. Instead, they hand out smaller prizes that give everyone a chance. National Cash Register has a series of trips based on points in sales quotas. Last year 1,200 of its 3,500-man force got a free trip (with their wives), plus $25 for each point over the quota. Rich's department store in Atlanta offers monthly bonuses to all its salespeople for topping their set quotas, once or twice a year holds...