European Stars and Stripes (Newspaper) - August 09, 1978, Darmstadt, Hesse Wednesday August 9, 1978poge 4 the stars and stripes wednesday August to world Bank approves Vietnam Loai Washington a the world Bank on tuesday approved a $80 million inter est free loan to communist Vietnam to expand Rice production in the War torn area around Saigon now to Chi Minn United states voted against the loan the first Ever made to the communist government but was outvoted on the Bank s 20-member Board of else was in a Bank source said after the world Bank is headed by former defense Secretary Robert s. helped plan the original . Involve ment in the losing War to keep the communists from conquering All of Vietnam. The former non communist govern ment of South Vietnam never received a world Bank loan during the nearly 20years it was a member. The Hanoi govern ment took Over the membership in 1976.As one of the world s poorest nations Vietnam was considered qualified for the interest free $60 million loan from the Farewell to an sex foe former Navy Secretary John Warner and his wife. Elizabeth Taylor attend a funeral service in Richmond va., for Virginia Republican senatorial Candi Date Richard d. Obenshain. Warner came in second at the stale cop convention to Obenshain who was killed in a plane crash. Former gov. Linwood Holton has withdrawn from the Rece and Warner is now the favorite. Up Ford flays Carter errors on defense planning grand rapids Mich. Up _ for Mer president Gerald r. Ford sounding More like a candidate than an elder states Man for the gop. Tuesday lashed out at president Carter s handling of Domestic and foreign affairs. At a breakfast organized to boost go candidates. Ford said Carter has made be Nous errors in defense believe today we Are Strong. Our Mili 4 gunmen free 15-year-old from . Detention Center new York up _ police Are seeking four gunmen who raided a juvenile detention Center and freed a 15-year-old prisoner who was chatting with his father in a visit ing room. Police said the men Drew guns on unarmed Counselor at the Spofford youth detention Center in the Bronx and demanded the youth who was turned Over to them. Two years from cited the decision to by bomber program and rely. He led that when b-52s Are ""i7tl "wheui980s a 1990s that plane win be older than the pilots who Fly them the former president also accused car Ter of very serious Noli Judeal . R i we left office the atmosphere very Best for peace in the Nuddle but he said the atmosphere has deteriorated and the blame Cine placed on the shoulders of this Ford was critical of the administration siding with rhodesian guerrilla Lear apr Robert Mugabe and Joffri Nkomo Elsaid his administration tried to work for a uteantt0"15 in Ford also attacked Carter s handling of 1 my p0 that in its Way Bali into double Bank s subsidiary the International development association which receives about 20 percent of its financing from the United states. While technically a loan the repayment terms made it More of a Grant since it is repayable Over a 50-year period with a 10-year Grace period the Standard terms for Ida world Bank announcement said that in addition to its loan Vietnam will receive another $30 million in Loans for the says it s not a handout Rice project from other Are $10 million each from errands the Kuwait fund for a nomic development and the of Ecol fund operated by the organization troneum exporting countries. The Bank said the total Cost of to acct is $110 million and that it will i construction of an irrigation Earth ithe Saigon River at Dau Tieng i is expected that the project will annual Rice production by 100.000 ton. Carter signs loan Bill to Aid new York Cit new York up president carte said tuesday the new $1.65 billion program of Federal financial guarantees for Newyork City is in the National interest is not a handout and should not Cost the Ameri can taxpayer a the president in a prepared speech before signing the legislation at a ceremony in front of City Hall called the Federal loan guarantees Over the next is years a crucial step in new York s Long and difficult climb Back towards solvency and inde laced his speech with Praise for mayor Edward Koch and gov. Hugh Carey both democrats. Carey is up for re election this of the loan guarantees Given final congressional approval july 27, he country of ours stands together. Those who thought that the United state was going to stand by while its greatest City went under were a first the legislation approved 247-155 by the House and 5845 by the Senate Marks the first time the Federal government has underwritten credit for a major City. It re places a direct Federal loan program for new York enacted in 1975 and which expired june 30. Specifically the Law guarantees in creased Loans to the City from its municipal employee pension funds. Private Bank shave made that a condition for Unguran teed Loans All contributing to a $4.5 Bil Lon four year package Toli Elp the City Back on its feet. The Federal guarantees will be issued a the next four years and could run until 1997, during that time the City will sub Nunuo unprecedented Federal oversight of not a handout w ii j � be no stake about what this i Jer said ii is no a hand out. New Yorksas asked for no handouts siteif11 t nor is " a band Ai approach that simply postpones the prob ran.s63?1 ss00 ion8-Tenn loan Gua of b 1 offs a & breathing psfi1? yorkers to Complete the difficult task of restoring yourselves to Finan Cial and economic self sufficiency drs it Biu of a i Lional the ce5 j said u b designed to put us be Hind a danger that would create problems absolute alcohol ban is not a driving Force in Hungary for All our cities and for the financial cts of the nation and the world. If Mew York keeps its commitment As i m sure it will then this Bill Effim Cost the american taxpayer a cent it 19give this great City the Security and time it needs to bring its budget int Oance. And under the leadership of Fin Carey and de Koch i have no doubt that goal will be the City still faces Tough decision at More sacrifices Down the Road the pow Dent said but is proving that with me Mina Tion and commitment our people at take control of even the most difficult Firestone says its radial tires not defective Washington a Firestone tin rubber co. Said tuesday its steel Bell radial 500 tire is Safe and that a talc safety Agency failed to identify a &6 safety defect when it recommended a to tall. Firestone attorney Patrick f. Mccatty Viscid the National Highway traffic Sam administration is proposing that the a be recalled on the basis that it has an specified performance said the Agency had relied on on lated incidents and statistics based one Sumer complaints and urged that carotid must be used in making Universal pm ments about an entire product the Agency s investigative report de not contain any comparative scent fit evaluation of the design construction performance characteristics of lie w Mccartan told a hearing the Agency in7. Witt Hearin us no coca a holding on whether Firestone should real about 13 million of the tires appropriate action he said the 500 has Given an estimate660 billion Miles of service to motorists i that it has been demonstrated to be of ble through tests prescribed by the not its a the Highway safety of lira. Mccartan said Firestone wants Tot reasonable and appropriate action to a the obvious Public concern about l c,3"" 3 prepared to assist the aft As it endeavours to arrive at a fair and for formed / fluent a " i alcohol ban on those scar a u e Joac Saybrook. Head of the safety adj . Bikes or even Hoid ? said Monda hat the company wages police said use Mai 4aevku-Sasb � no comment on the possibility. Enter Toan theor Cri info car inf Bur team a 4 i
