Word: counts
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Dates: during 1960-1960
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...Khan invested the Ismailis' money in blue-chip stocks, used the proceeds to finance a network of Ismaili banks, shops and factories. In Ismaili communities, he built hospitals, mosques and schools. He left an estimated $800 million, though the young Aga Khan warns, "You can't count hospitals-they're an expense, not a profit." Since his grandfather willed him the title three years ago, the Aga Khan's principal job has been dispensing largess. Inevitably, he must turn down far more requests than he grants. In Pakistan, he inaugurated a housing project as a step...
Ismaili to get the business going. "Any little tidbit that comes up. I jump on." he says. Sound Ismaili business ventures can count on low-interest (about 3%) loans from the Aga Khan's banks...
...generosity grew, so did his debts (about $14 million at last count) with Doha's local bankers; he just could not make ends meet, even though he got $12.5 million from Qatar's $50 million annual oil revenue. Soon Qatar's anxious bankers were backing young (30) Sheik Khalifa bin Hamad, Ali's nephew, who thought he was in line for the throne, and was pressing the old man to step down. The British, who watch over Qatar as a protectorate, took a hand when they detected signs of simmering insurrection among the Sheik...
...bankers, businessmen and consumers, the Federal Reserve Board last week had a Christmas present well in advance of Christmas. To supply more cash and credit for the Christmas shopping season, FRB added $1.3 billion to the lending power of its 6,200 member banks by allowing them to count all cash on hand as reserves. It also lowered the minimum reserves permitted big-city banks from 17½% to 16½% of deposits...
...Answer. After his fitful, feverish life, Pound is not resting. He lives in his son-in-law's medieval castle in the Italian Alps, completed Canto No.111 last Christmas, and hopes to push the count to 120. Apart from romping with his grandchildren, he fires Menckenesque letters around the world, and his talk, as he once said, is still "like an explosion in an art museum." He is scarcely a hero, but as minister without portfolio of the arts he has served more gallantly than most, and he has never had any truck with "the almost-good...