70 Year Magazine Archive

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According to a National Science Foundation study costing $918,000 in taxes, people who go camping do not like bugs or mosquitoes.

When it was formed in 1947, the founders of the World Bank had one goal in mind: to hasten the Free World’s recovery from the recently concluded war. In the 31 years since then, the organization has evolved to the point where, under the stewardship of Robert McNamara, it is now helping Communist countries recover from their ongoing wars. Barron’s reports that the International Development Association (IDA), a division of the World Bank, recently “loaned”—IDA loans run for fifty years, have a ten-year grace period, and carry an interest rate of 0.75 of 1 per cent—$60 million to Vietnam. One of the main purposes of the loan, according to two confidential reports uncovered by Barron’s, was to collectivize the farmers in what was South Vietnam. By the end of 1980, with the help of the IDA, Vietnam’s rulers plan to have completed the forced resettlement of from four to five million of their subjects. Although both confidential reports warn that the farmers may resist resettlement, perhaps the World Bank will solve this problem by earmarking a few million for re-education.

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