Word: borrower
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Dates: during 1960-1969
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Europe's governments are beginning to give up some growth-inducing policies for the sake of stability. They are reshaping their economic policies in hopes of persuading free-spending consumers to buy less, borrow less, save more. Since October, Belgium, France, Sweden, The Netherlands and Britain have increased their bank interest rates. France has also clamped some price controls on food and manufactured goods, and Denmark has placed a 9%-sales tax on most nonfood products. In Italy the government's austerity program aims at raising taxes on cars and gasoline, restricting installment purchases. Some manufacturers protest that...
...BANKING. Baker got a seemingly inexhaustible line of credit through Bob Kerr's Fidelity National Bank in Oklahoma City. During 1962, Friend Fred Black Jr. testified, he and Baker borrowed more than $500,000 from Fidelity National, much of the money going to finance operations of Serv-U Corp. Through Baker's friendship with Kerr, Black said, he was able to borrow large sums. In 1962 he got one loan for $175,000 to purchase stock in the Farmers & Merchants State Bank in Tulsa, subsequently sold 1,500 shares to Edward Levinson and 1,600 shares...
Some of the girls think that Sandy is really cutesy, to borrow a pejorative coinage from the play itself, because she deliberately stumbles all over her lines and waves her hands helplessly like a three-year-old, soaking up empathy for her inability to cope with the world. The girls might well ask: If she is so helpless, how did she land the president of the company...
...Engineer Mason keep track of finances in the nation's second largest chemical firm, which last week announced earnings of $160 million on 1963 sales of $1.67 billion. Another figure that enters into Mason's current calculations is $200 million-the amount that Union Carbide intends to borrow from insurance companies over the next two years to finance capital improvements. To determine how the funds will be spent, Mason last year put aside his paper work, traveled 40,000 miles to inspect some of Carbide's plants in 26 countries; this year, so far, he has made...
...Britain's two-man bobsled team of TONY NASH and ROBIN DIXON had all kinds of trouble: first, they broke an axle, had to borrow a replacement from Italy's eight-time world champion, Eugenio Monti. Then, zooming down Igls' hairy, ice-coated run at better than 60 m.p.h., the Britons suddenly lost control of their sled, narrowly missed shooting off the course. They still won-giving Britain its first Winter Olympics gold medal since 1952. The generous Monti finished third...