Word: borrowable
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Dates: during 1950-1959
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...commercial banks upped the rate to their best customers from 4½% to 5% (TIME, Sept. 14), the interest spread rose to 1½%. Moreover, for several weeks the old discount rate was actually below the going market rate on U.S. Treasury bills, creating an opportunity for banks to borrow from the Fed and make a neat and riskless profit by investing in Government securities...
...Brien," a Buddha-faced little man in a $285 suit, who solemnly told the 100-odd lawyers present: "I probably got more courtroom experience than any of you guys." Expounding on income tax, O'Brien advised the barristers that the only way to come out even is to "borrow money from your friends." As other West Coast lawyers snickered and A.B.A. big shots fumed, the word spread: Gagster Belli's tax expert was Mobster Mickey ("I'm rehabilitated") Cohen, whose courtroom experience includes hearing a judge sentence him to five years for income-tax evasion...
YUGOSLAV BOND PAYMENTS on $25 million worth of dollar bonds, in default since 1939, will begin soon with $500,000 annual payments under "temporary arrangement." Yugoslavia seeks to restore its credit rating so it can borrow privately in U.S. money market...
...from its tower. As the royal couple acknowledged greetings from a welcoming party of seven Midwestern Governors and 40 mayors, pressing throngs surged forward, fairly overran the 2,000 city police who were assigned to guard the Queen. "That's a lovely billy-I'd like to borrow it some time," cracked Prince Philip to a Chicago cop as he eyed the yelling people. "Hi, Liz!" they cried. "Hey, Queen!" That night at a glittering dinner (with gold tablecloths, gold service, 50,000 roses) given by Mayor Richard Daley, the Queen confessed happily: "This has been an unforgettable...
...within the empire for ideological safety. So Njoroge made it the long way around, via Pretoria (B.S. at the University of South Africa) and London, peddling cosmetics and doing odd jobs. In London, broader-minded officials gave him a permit to study in the U.S., but Njoroge had to borrow passage money (he still hopes to pay back the ?60), arrived in the U.S. in the fall of 1951 with just 3?. A fellow passenger lent him taxi money and $1.50 for a Y.M.C.A. room; the Committee on Friendly Relations Among Foreign Students lent him $70 bus fare...