NADBank criticized over NAFTA border loan policies
GAO questions the North American Development Bank’s ability to fund border improvements amid a $1.5 billion lending goal. After $224 million in initial funds, no projects have been approved in 18 months, while millions along the U S Mexico border lack basic water and sanitation services. The GAO cites market-rate lending, colonia access, and Mexican borrowing limits as key flaws, calling for stronger grants or cheaper financing to reach poorer communities. Four loans near approval are noted, with advocates arguing for patient stewardship of funds.
MENTIONED IN THIS ARTICLE
Washington
Debank
U.s.-Mexico
Devert Bank
NAFTA
U.S
Nadbank
General Accounting Office
United States
Mexico
GAO
Sumeon Nadbank
Iran
Jacz
Rep
Esteban Orres
California
John Dinll
D-Mich
Adbank
Miramontes
Clinton signs sanctions bill targeting Iran and Libya deals
President Clinton signs a law penalizing foreign firms investing over 10 million yearly in Iran and Libya energy sectors. The act aims to choke financing for terrorism, but excludes existing contracts, drawing mixed European and allied reactions and continued calls for broader measures. Victims’ families and former hostages attended the White House ceremony.
MENTIONED IN THIS ARTICLE
Clinton
White House
Lockerbie
Scotland
Iran
Carter
Libya
Victoria Cummock
Pan Am 103
America
Free World
Ee — Congress
Rosemary Wolf
George Williams
States to control changes in new welfare philosophy
History marks the move from federal welfare guarantees to state managed, work oriented rules under the 1996 Personal Responsibility and Work Opportunity Act. States will design welfare to work programs with local frames, facing funding limits and scrutiny as they shift from federal mandates to state discretion. Experts warn of short term costs and greater needs for training, health, and support services.
MENTIONED IN THIS ARTICLE
Washington
Franklin Roosevelt
L. Johnson
Great Society
Congress
Clinton
Jen
Jencks
Kennedy School of Py
Board weighs stock market options to overhaul Social Security
Washington AP report notes a government advisory panel studying three plans to invest part of Social Security contributions in equities alongside bonds. Plans vary on who selects stocks with the panel split between individual choice and government selection, aiming to boost returns and avert shortfalls projected by 2013.
MENTIONED IN THIS ARTICLE
Washington
Advi
Tye Soci Security
Saamuruie
Social Security Administration
Man pays big to golf with president at charity auction
Paul Peck a U S Customs Service computer systems manager from McLean Virginia paid 76000 to bid for a round with President Clinton at Sidwell Friends School fundraising auction with 16 year old Chelsea Clinton as a student The game was held at Army Navy Country Club where Clinton often plays and Peck said his government salary barely covered the bid and cited his Wharton MBA from the 1960s and a belief in community service.
MENTIONED IN THIS ARTICLE
Washington
Paul Peck
Peck
U.S. Customs Service
Sidwell Friends School
Chelsea Clinton
Clinton
Army-Navy
McLean
Wharton
School of Business
Also Mentioned on This Page
Development Bank
Lon Wallach
Public Citizen
Global Trade Watch
Agaravatina
le Press
Germany
France
European Union
Canada
Washington University
George
Total
Conoco
David Johnson
Aioe
Man
President
Anne Cole
Anne Klein
Gottex
Bill Blass
la Blanca
Sirena
Baja Blue
Sessa Athena
Massimo
Guess
Copper Beach
Daffy Citrus
Ocean Pacific Hobie
Miss Sassafras
Dillard’s
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