Word: foreign
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Dates: during 1960-1969
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Almost the entire cut came in the form of a $5.6 billion amputation from the defense request. It first appeared that Nixon might have to settle for $1.1 billion less than he asked for in foreign aid. But late Saturday, even this appeared in doubt as the Senate rejected the $1.8 billion foreign aid money bill. The Senate action was an angry response to the House, which insisted upon granting $54.5 million to Nationalist China for jet fighters and $50 million in military aid to South Korea...
...result of the fashion-show conversations, Stoessel was invited to the Chinese embassy for a meeting with Chargé d'Affaires Lei Yang. The two men talked and sipped tea for more than an hour. Though the content of their discussion remains secret, President Nixon's top foreign policy advisers are convinced that Peking may well be on the verge of resuming formal talks with...
...Peking, mounds of earth from newly burrowed bomb shelters line the streets. When British Chargé d'Affaires John Denson peered too closely into one such hole two weeks ago, a shouting crowd surrounded him for two hours and accused him of spying. The Foreign Ministry brushed aside his protests and suggested that perhaps he should stay home, where he belonged...
...More direct state aid seemed impermissible. Then came the Pennsylvania Education Act of 1968, the first of its kind in the U.S. That remarkable law allows the state to pay parochial schools the "actual cost" of teachers' salaries, textbooks and teaching aids in four secular fields: mathematics, modern foreign languages, physical sciences and physical education. The state pays the bill ($4,000,000 last year) solely through its income from horse and harness racing...
...promissory notes. Belatedly, the Reserve Board plugged that loophole by placing an interest-rate ceiling on commercial paper. Now, big Manhattan banks have found still another gap in the Federal Reserve's regulations. To raise funds for domestic loans, they have begun selling large-denomination certificates of deposit to foreign central banks, which have plenty of U.S. dollars...