Word: borrower
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Dates: during 1970-1979
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Amoral Pleasure. When Englishmen of Smith's generation (he is now 44) started looking to America, what caught their eye was less the painterly heroics of abstract expressionism than the "media landscape"-to borrow a phrase of the day-from which Pop art was sprouting. Though as a painter he was not interested in the icons of popular culture, Smith was fascinated by its mechanics, particularly by what happened to color and form in reproduction. The green in a color ad was not like grass; it was mint green, menthol green, a hue of such insinuating and saturated lushness...
There is a precedent of sorts for this arrangement. Since 1971, the Federal Power Commission has allowed interstate pipeline companies to borrow money, raise rates to consumers to pay interest and other fund-raising costs, then relend the cash to gas producers at no interest as an inducement to develop new supplies. But under that system, the pipeline company at least gets to deduct the interest expense when computing its tax bill...
Reading provided a major outlet for Speer's mental energy. "Spandau was truly my education," he muses. Allowed to borrow from Berlin's libraries, Speer sometimes devoured as many as 50 books a month. He also became an enthusiastic gardener. "It became my salvation," he confessed last week. Terracing, weeding and pruning, he worked at the plot in the prison yard four or five hours daily. "I became something of a landscape architect, you might say," he says-a joking reference to the architectural skills that originally brought him to the attention of Hitler...
After leaving Hammond, Crooks walked across the Yard to Matthews Hall, where he dropped off his paper bag, which contained two zucchini squash from his garden, at the office of the coordinator of the Health Careers Summer Program. Then he stopped in at Lehman Hall for a minute to borrow a morning Globe from Eddie Burke, the superintendent of Dudley House, where Crooks used to be master. He took the Globe into the Dudley Senior Common Room and quickly scanned it for a review of the previous night's Summer School concert; no dice. Walking out, Crooks called to Burke...
...vital point. In a society that operates by private decision-making rather than central command, governments must make difficult judgments on the exact mix of tax, spending and money-supply policies needed to nudge businessmen and consumers into the "right" decisions on how much to buy, build and borrow. Inevitably, the fallible humans who run treasury ministries and central banks will make some wrong judgments?and the economy will react...