Word: underwritten
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...more of it will have to do so. And, add U.S. officials grimly, it had better not find its way back to European pockets quite so often as has been the case in the past. (An example that still gravels Washington: in recent years the West German government has underwritten some $2 billion worth of West German sales to underdeveloped countries at terms so stiff-repayment in four years, 6% or more interest-that time and again the U.S. has been obliged to bail out the overcommitted debtor with a dollar loan...
Lion Fat. Like many similar efforts, the College of Medical Evangelists' search was bankrolled by business. In the hope that it would turn up marketable items, New York's Sterling Drug Inc. had just underwritten the four-year program for $240,000. Virtually all major U.S. drug companies had herb hunters afield, either directly employed or under contract. All their people have been enlisted as part-time hunters: when Francis C. Brown, president of New Jersey's Schering Corp., was in Port-au-Prince for the recent opening of the Haiti Psychiatric Institute, he heard...
...York, Chicago, St. Louis, Minneapolis and Dallas. The new discount rate is the highest since the fall of 1957, is bound to restrict even further the tightening money market. The Federal National Mortgage Association braced itself for tighter money by reducing the price it will pay for Government underwritten mortgages from 99% to 97% of face value. When money gets tight, as Fannie May knows, lenders turn in their mortgages to get the cash they need for other investments. But the hike did not faze the stock market, which has dropped more than once at such news. At week...
...A.F.L.-C.I.O. argument, underwritten by some of the U.S.'s top economists, makes it appear that the issue is "growth" v. "stability." A report this week by the Congressional Joint Economic Committee, chaired by Illinois' Democratic Senator Paul Douglas, falls into the same pattern: "Some stress price stability at the expense of substantially full employment and adequate growth." Following ex-Economics Professor Douglas' bent, the Democratic majority holds that policies to promote "vigorous expansion of the economy should not be unduly deterred by the possibility of future inflation...
Warfield went to Warwick at the invitation of the Australian Broadcasting Commission, which since the war has underwritten a mammoth musical program in the sparsely settled bush areas. The country currently has six ABC symphony orchestras. Every year they travel thousands of miles by train, bus, and paddle steamer to play in some 80 of the rachitic towns along the coasts and in the Australian outback. In addition, the Broadcasting Commission has sponsored bush tours by such world-famed soloists as Violinist Isaac Stern and Pianist Eugene Istomin...