Word: longterm
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...Catholic Welfare Conference-composed of more than 200 cardinals, archbishops and bishops who guide church policies in the U.S.-met quietly in Washington (TiME, March 10). After the meeting, Archbishop Karl J. Alter of Cincinnati announced that the church would oppose the bill unless it was amended to include longterm, low-interest loans to the nation's private schools, more than 12,000 of them run by Catholic groups. *To that demand, John Kennedy, at his sixth presidential press conference last week, gave a qualified...
...event that a federal aid program is enacted which excludes children in private schools, these children will be the victims of discriminatory legislation. There will be no alternative but to oppose such discrimination." The N.C.W.C.'s counterproposal, which it holds to be "strictly" constitutional, is that "longterm, low-interest loans to private institutions could be part of the federal aid program." The hierarchy will push to attach such an amendment to the Kennedy bill...
Just how much real sacrifice for West Germany the new aid program will entail was still unclear. Not until after the elections this fall are the Germans likely to say how much of the $1 billion will be made up of the grants and longterm, low-interest loans that the underdeveloped countries really need. But this time, Kennedy said he was "satisfied...
...Nation-Wide Committee on Import-Export Policy's protectionist members promptly denounced the plan.) Under the plan, industries would be required to prove that imports-and not inefficiency-were the specific cause for falling sales and employment. Where the need was real, the Government would make available longterm, low-interest loans to modernize old machinery or help an industry with obsolete products shift into a new line and retrain its workers. At its worst, such a program could turn into a handout to inefficient or obsolete industries. At its rigorously applied best, it might go far toward calming...
...grandiose idea. Said he: "We cannot eliminate the old enemies of this hemisphere with temporary tactics." Was $500 million all the U.S. planned to spend for social reform? Did the Eisenhower plan mean that the U.S. was abandoning basic, long-range attempts to raise productivity? Would the U.S. provide longterm, low-interest capital loans repayable in the area's soft currencies...