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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Biddeford Saco Journal
Location
Biddeford, Maine, United States of America
Date
Dec 14, 1972
Page
15
The piece notes the Moscow Narodny Bank as syndicate manager for a grain shipping deal and hints at other banks' trust in its handling. It outlines how U.S. subsidy payments to grain exporters kept U.S. prices above world levels, prompting several million dollars in subsidies before cancellation.
New York AP reports Soviet strategy shows growing expertise in financing and equipment leasing. Russians use credit to buy machinery then use machine output to repay loans, lease systems to conserve capital, and pursue joint ventures with foreign partners. Leesco leasing plans to lease computers to modernize Russian airlines, saving cash. A $5 billion gas pipeline joint venture to ship LNG to the US is discussed. Cuban bond sales by Western banks also surprised U.S. financiers.
About 200 students seized a Heidelberg lecture hall hung red flags and scrawled slogans. A veteran professor failed to restore order as the campus faced mass protests over governance and reforms amid police action and a looming rector election.
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