Word: borrower
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Dates: during 1970-1979
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...harassed brother-in-law (Michael Pataki) who lives in the failed subdivision he designed ("the only FHA-approved ghost town"). Pataki's wife (Penny Marshall) provides another standard element in the Moore formula, a voice for the reality principle, keeping everyone's fantasies within bounds. Trying to borrow money to keep a perpetual-student sister in school, Pataki inquires whether Marshall would like to see the girl "out in the streets." "No, she wouldn't do too well there either," she replies thoughtfully. Sand, who starred in the superb Story Theater a few seasons back...
...went bankrupt in the first half of 1974, v. 706 during the same period a year ago. Construction-industry unemployment rose from 7.9% in February to 11.1% in August. Last week alone, electric utilities canceled plans to build nearly $2.5 billion worth of power plants, primarily because they cannot borrow at an acceptable cost...
...housing trust fund that could borrow up to $10 billion a year from the Treasury to finance low-interest mortgages. Republican Senator Edward Brooke of Massachusetts and Democratic Senator Alan Cranston of California are sponsoring a bill to create the fund...
Even big businesses are having trouble borrowing, posing a question as to how U.S. industry will raise the $2 trillion to $3 trillion of new capital that bankers estimate it will need over the next ten years to expand capacity, clean up pollution and develop new technology. Electric utilities usually raise most of their money in the bond market, but so far this year 28 utilities have postponed bond sales or changed the terms. Consumers Power Co., Detroit Edison Co. and other utilities have canceled plans to build nuclear power plants because they could not borrow the money at acceptable...
...lending rate to an alltime high 11.8%, and many other major banks went back up to 11¾%, an increase of one-fourth of a point. In theory at least, lower federal spending should reduce the pressure for still higher rates by lessening the need for the Government to borrow in competition with private borrowers for scarce funds. A thinner deficit should also ease inflationary pressures, which continue frighteningly strong. U.S. Steel and Bethlehem Steel raised prices 5% to 15% for many products (U.S. Steel for the third time in seven weeks), and Chrysler boosted auto prices...