Word: repays
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Dates: during 1950-1959
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...that great-grandfather happened to be a duke. Guides to the major museums are easily come by, and visitors to Paris are not likely to miss the Louvre. But Europe also has great treasures still in private or semiprivate collections, secluded abbeys, obscure churches and castles that well repay the discriminating wanderer. TIME herewith begins a new color series of such Hidden Masterpieces...
There is little dispute over the need for widescale use of loans to students, nor of the excellent quality of the National Defense Student Loan Program. It provides low interest loans up to $1,000 a year repayable over ten years following completion of a student's studies. Particularly noteworthy is the arrangement whereby public school teachers need only repay half the loan. Officials estimate 90,000 students will participate in the seven year program...
...Krumb wrote later, "I would not have been a mining engineer." As things turned out, Columbia had good reason to congratulate itself on its openhandedness. Henry Krumb grew rich as an internationally famed mining consultant, and in particular as an authority on low-grade copper ore. He sought to repay his debt in many ways, served as a trustee from 1941-47, and gave some $550,000 over the years to the university...
...unlike the IBRD, would operate on a local currency basis--a loan to India, for example, might consist of francs for French concrete, guilders for Dutch engineers, and rupees for the local labor. India would repay, at low interest over a long period, in rupees, which in turn would later be used by the Authority to purchase Indian goods and services, thus providing a double boost to India's economy...
Unpopular Task. Frondizi won office with Peronista votes, and his first political instinct was to repay the favor with such spendthrift sops as massive wage rises. But Frondizi, son of an Italian immigrant roadbuilder, is a responsible lawyer and political economist, and he soon made a different choice. He swapped Peronista support for army backing and began the dangerous, unpopular job of making Argentina live within its means. First, he coolly downgraded the ineffectual, sacred-cow national oil monopoly, by inviting foreign oilmen to develop Argentina's petroleum resources. The first new well came in last week, beginning...