Word: underwritten
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Dates: during 1940-1949
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Twenty Million Dollars. CHESF is capitalized at $20 million. Half of its initial stock issue was underwritten by the federal government, which in turn was allowed to sell 49% of its shares to private investors; the other half was underwritten jointly by four northeastern states, municipalities, private corporations and individuals. For added capital, CHESF is counting on additional government money and is looking to Washington for a $15 million World Bank loan...
Meanwhile, the Band is going ahead with plans for a South American tour this summer. The State Department has stamped official approval on the project, but the University is withholding a final nod until the six-week trip has been completely underwritten by a suitable "angel...
...there were 200 waterside Chautauquas in 31 states.But Chautauqua really became big business when it hit the road in tents. During the peak year of 1924, Chautauqua visited 12,000 U.S. towns and villages whose leading businessmen had underwritten, willingly or grudgingly, all the expenses (the management got all the profits under the "standard" contract). That year, 30 million people crowded into the big brown tents and it looked as if Chautauqua were going on forever. The following year it went into a slump from which it has never fully recovered...
...domestic problems, he had proposed a 10% reduction in prices, increased wages out of the "swollen profit structure." To bridge the widening gap between the U.S. and Russia, he proposed turning U.S. atom bombs over to the U.N. with no strings attached, a ten-year Russian reconstruction program underwritten by the U.S., internationalization of strategic areas...
...Bystanders," a short story by James McGovern, is a carefully underwritten treatment of the Negro Problem. Where McGovern succeeds, Stanley Geist, in Part Two of "Lichfield, Pacific Style," fails. McGovern's simple story of injustice and violence is handled without fanfare. Geist's tedious account of Army prison conditions in the South Pacific vacillates between reportorial observation and personal history--a report done in the spirit, if not in the manner of the "New Yorker...