Word: borrower
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Dates: during 1960-1969
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...after Scott was born. Stricken with tuberculosis, his mother went into a Colorado sanitarium, and Carpenter was raised in Boulder, Colo., by his maternal grandfather, Editor Victor Noxon of the Boulder County Miner and Farmer. (The Noxon house stood on Aurora Street, a name that Carpenter later was to borrow for his space capsule.) The old man gave the boy his first lesson in self-reliance: how to live by hunting and fishing in the mountains of Colorado...
...this implausible way, Estes collected more than $30 million in mortgages on imaginary tanks. He used the bogus mortgages as collateral to borrow roughly $22 million from commercial finance companies in New York, Chicago and other cities. To get the finance companies to accept the mortgages, Estes and his henchmen had to fake a lot of documents relating to the farmers' personal finances. One Estes secretary later admitted to typing five phony documents on five typewriters...
Sudden Suspicion. Seeking out West Berlin relatives or friends of the hapless students who were now trapped in the East, the Travel Bureau collected photographs of colleagues they knew wanted to escape. They then hunted down West Berliners who resembled their fellow students, bluntly asked to borrow the lookalikes' identity papers (which had the owners' photographs attached) so that their classmates could "legitimately" cross at the border checkpoint while posing as West Berliners. The ruse was highly successful until the Vopos became suspicious of so many West Berliners in the East, barred residents of the free sector from...
...Overabundance. The Washington beat offers endless possibilities to foreign newsmen, particularly if they are fluent in English-and most are. All have ready access to high-level officials. All have at their fingertips the greatest daily outpouring of source material on earth-U.S. newspapers-and few hesitate to borrow heavily, with or without attribution. "If there is a real problem," says erudite Werner Imhoof of Switzerland's Neue Zürcher Zeitung, "it's that you are overwhelmed by news...
...recession interest rates has less steam than usual. At the same time, U.S. businessmen already have enough excess capacity so that their estimated outlay on new plant and equipment for this year dropped last week to $34.5 billion. 3% below 1960. This means that industry has no need to borrow heavily. Still another potential squeeze on the money supply-heavy federal borrowing-will be averted if the Kennedy Administration holds to its repeated pledges to balance the 1962 budget...