Word: solvent
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Dates: during 1950-1959
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...Meyer, associate director of the Center for Middle Eastern Studies, forecast the decline of the Cypriote economy during the next five to seven years and called for a NATO trusteeship until Cyprus could be made solvent. Carlyle Morgan of the Christian Science Monitor also stressed the role NATO might play in the period before Cyprus could be allowed self-determination...
...went off the gold standard, raising the value of foreign money. Sosthenes worked his way out of the hole (minus Hernand who died in 1933) by getting foreign subsidiaries to float local bond issues, boosting the parent company's U.S. credit. But no sooner was he solvent again than European upheavals put him right back in trouble...
...fillip from the tourist trade (about $100 million a year). But for the long haul, Spain looks for U.S. aid to put the country on its feet. Since 1954, stopgap U.S. food shipments at times prevented near fam ine, and $460 million in U.S. aid virtually kept the country solvent. Last week Span ish newspapers were blasting the U.S. for doling out less than the $200 million a year that Spain insists it needs. Actually, Spain will get very close to that amount: about $150 million a year in 1957 and 1958 in direct grants, money to build Air Force...
...nearly thirteen million South Africans, eleven million are non-European. The two million minority, composed mainly of Afrikaners (of Dutch descent) have historically feared the dissolution of their culture in South Africa's non-European solvent. In recent years the program of "apartheid" imposed by the Government has attempted to keep the blacks "separate but equal." Strijdom, disliking the connotations of the term "apartheid," uses the phrase "separate development." But his policies have underscored separateness rather than development...
...problems of money, as the poor, we always had with us. The Student Council appeared to be the only solvent body around, with a revenue of over $5,000. The University, representing the opposite extreme, announced that it needed roughly $100 million, for which purpose it began a campaign called "A Program for Harvard College," which involves sacrificial gifts from alumni. Radcliffe promptly followed suit by announcing its need for ten million, and even M.I.T. admitted to being on the verge of bankruptcy...