Word: borrower
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Dates: during 1980-1989
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...Hollywood, there is panic. Is a producer liable for a character who escapes from a film and is wandering around New Jersey in a pith helmet? And what of Gil Shepherd, the actor who created him (also played by Daniels, who is, to borrow one of Tom's favorite words, "fetching" in both roles). In two shakes of a trimotor's tail the West Coast crowd is on the scene, trying to hush things up. This of course puts Gil in place to rival Tom for Cecilia's affections. If fictive Tom reflects innocence in its purest form, Gil embodies...
Some powerful voices have called on Congress for budgetary speed. Federal Reserve Chairman Paul Volcker warned that so long as $200 billion deficits are not reduced, the U.S. economic expansion is "living on borrowed money and time." He made it clear to the Senate Banking Committee Wednesday that the Fed will not increase the nation's money supply rapidly enough to make it easy for the Government to borrow enough to cover the deficits. Quite the contrary, said Volcker, the board is already reining back on an expansion of the money supply it began last fall to pull the economy...
...production credit association advised Cross to get longer-term financing so that his yearly payments would be lower. He got a loan from the Federal Land Bank. "We had to borrow from here," says Cross, pointing to one of his fingers, "to pay here." He touches another finger. "Then we borrowed from here to pay here." At the same time, the value of his land was dropping to $600 an acre. His two tractors, bought in 1968 and 1973, were wearing out. But he had paid $13,800 for the last one, and it would cost...
...Farmers borrowed heavily to bring more land into cultivation and buy machinery. Their debts zoomed from less than $50 billion at the start of the '70s to around $200 billion now. To hear some of their elected representatives tell it, the bankers practically begged farmers to take loan money. Says Senator Harkin: "We had bankers going up and down the road like Fuller Brush salesmen during the '70s. They couldn't get farmers to borrow enough." Interest rates skyrocketed, but so did the value of farmland, which was regarded as a scarce resource in a hungry world. The loans secured...
...factories, offices and stores and new machinery and equipment increase the output produced by each employee. This higher productivity then permits the noninflationary increases in wages and salaries that enable employees to afford a higher standard of living. Budget deficits undermine such increases because they require the Government to borrow funds that would otherwise be available to finance investments in plant and equipment and in housing. The projected annual deficits of 5% of G.N.P. mean that Government borrowing would absorb more than half of these funds...