While the U.S. Congress debates the limitations of foreign aid, a private U.S. firm is boldly helping to develop more than two dozen nations with an unorthodox but simple philosophy: do-gooding and profit-making are not incompatible. The firm is the International Basic Economy Corp., and its proud proprietor is none other than New York's Governor Nelson Rockefeller. Next week, reporting on its isth year of operation, IBEC (pronounced eye-beck) will announce earnings of about $2,000,000 on last year's revenues of $92 million. That is a $1,000,000 comedown from 1961 earnings but,...
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