Word: borrowable
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Dates: during 1960-1969
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...billion in February to a record annual rate of $491 billion. Most of that jump came from substantial wage increases, which spur businessmen to invest in labor-saving new facilities and equipment. Beyond that, says John R. Hunting, president of Philadelphia's First Pennsylvania Banking & Trust Co.: "Borrowers feel that inflation is here to stay and that it's better to borrow now than later...
...loans are becoming almost unavailable because of the low ceilings on interest rates set by usury laws. Margin loans for stock purchases are drying up in such places as Vermont and New Hampshire. In Michigan, which has a 7% usury limit, unincorporated businessmen and partnerships can no longer legally borrow at a rate that lenders will accept. Illinois lenders shun home loans because of the state's 7% ceiling; now the legislature is moving to up the limit...
...team rented some untrained local horses and attempted to play on them. Faced with the prospect of dodging swinging mallets and each other, the rented ponies panicked. One or two survived several practices before actively resisting, but an alternative had to be found. "Beg, borrow, or steal," said President Hibberd V. B. Kline III '69, an aristocrat in the old tradition...
...agencies; it treasures its independence from President, political parties and pressure groups. Martin and the six other governors of the Federal Reserve manipulate the levers that control the nation's money supply and interest rates. Today, as a result of their actions, money is tight and costlier to borrow than at any time since the Civil War. To their distaste, bankers have to turn down customers seeking loans; businessmen have to put off some projects because credit is so expensive; brokers watch helplessly as investors shift out of stocks into high-yielding bonds; customers have to pay more...
...BORROW from Clive Barnes: AIR is beautiful. In her program notes, Lindsay Ann Course writes, "Mixed media has yet to be legitimized. Once that is accomplished. I believe we will discover that this polygamy of motion, sound, and light is the basic art of the theatre." After seeing AIR, I believe her; for the parts of her program fit together so well that you are not aware of the mixing. The dance, the music, and the lighting are not three art forms but one-which men, out of their fondness for such things, have tried to tear apart, isolate...