Word: borrower
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Dates: during 1970-1979
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...than the computer and machine-tool industries. Reason: with industrial production running at a sluggish 73% of capacity as a result of the recession, corporate planners will be much more likely to use the tax credit to modernize existing plants than to build new ones. As businessmen start to borrow money to finance these projects, banks and other lending institutions will feel a sharper demand. Many bankers, including those at Chase Manhattan and Bank of America, all but pledged not to raise interest rates during the freeze period, even though the price of money is not regulated in the President...
...been sold, when a New Jersey computer magnate and racing novice paid $125,000 for a Native Dancer grandson. Having given his trainer authority to buy the horse, Joseph Taub was eating a leisurely dinner at the time the trainer spent his money. He returned from his meal to borrow a flashlight and inspect his new acquisition in a darkened stall. The highlight came Thursday, when a three-way bidding contest for a bay son of Buckpasser ended with Mrs. Marion duPont Scott the victor: price, $235,000. While the auctions offer a newcomer like Taub a way to break...
Rabble-Rouser Abbie Hoffman had to borrow $25,000 and publish it himself. Newspapers refuse to advertise it and most bookstores won't stock it-possibly because storekeepers fear people might take too literally the title of Hoffman's latest opus, Steal This Book. Frustrated at every turn, the Yippie leader last week set up shop on the sidewalk outside one of Manhattan's bookshops and began hawking the book, which offers practical instruction in gypping telephone companies, mixing Molotov cocktails and sowing pot seed. Sure enough, more people stole than bought. After disposing of 50 copies...
...money you borrow from First National Bank is made by the United States Government, for the most part...
...farm price supports, which assumes set relationships between the currencies of the Market's six member nations. Bundesbank President Karl Klasen contended that Germany should instead clamp on tight exchange controls in order to stop the inflow of unwanted dollars. The government could, for example, forbid citizens to borrow abroad and order commercial banks not to pay interest on dollar deposits...