Word: borrower
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Dates: during 1980-1989
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...main beneficiaries of the interest cut will be medium- and small-size businesses that typically borrow at or near the prime rate. (The nation's largest corporations are usually offered rates below prime to prevent them from turning to alternative financing sources, such as bonds and overseas capital markets.) The drop in the prime will also have an effect on consumer loans. Rates for 30-year fixed-rate home mortgages, for example, have already dropped below 10% in the Northeast for the first time since April. On the other hand, yields on passbook savings accounts, which have traditionally hovered...
...around 1 p.m., the man approached the QuincyHouse gate on Plympton Street and launched hisnon-stop verbal barrage. The discourse touchedupon such diverse topics as "How to Cheat Your Wayto a Harvard Degree"--borrow a thesis fromWidener, steal its catalogue card, borrow(heavily...
...asked a Parisian or a New Yorker in 1886 what sculpture was, the answer (after a short blank stare) would have been: statues. Statuary, to borrow the mordant phrase of Claes Oldenburg many decades later, was "bulls and greeks and lots of nekkid broads." The sculptor of that day was responsible -- as in the age of film, TV and other ways of mass-circulating the visual icon he is not -- for commemorating the dead, illustrating religious myth or dogma and expressing social ideals. The aim and meaning of the work were rarely in doubt. With statues, good or bad, from...
...Government has long protected farmers' income by supporting farm prices and by making direct subsidy payments. For many crops, it has established loan rates, like $2.40 for a bushel of wheat in 1986. These rates put a floor under prices. Farmers can then borrow from the Government at the rate set for their crops, offering their unsold harvest as collateral. If the farmers manage to sell their crops on the market at a price higher than the loan rate, they can repay the loan and keep the difference. But if the growers are offered only a price lower than...
...besides tuition. Prospective Penn parents can pay tuition for all four years now at the 1986 annual rate ($11,200), take an unsecured tuition loan of up to $42,000 at 9 1/2% with ten years to repay and enter into a revolving tuition- credit arrangement that lets them borrow as they go along, or arrange credit for up to $6,000 in vouchers that the student can sign like checks at, say, the college bookstore or even the computer shack. Some 1,800 students are using the Penn plan, but Assistant Director Diane-Louise Wormley says this is only...