Word: borrower
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Dates: during 1980-1989
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...thinly veiled intention was to push through benefit reductions during the only politically neutral stretch on the congressional calendar in the next two years. With hardly three weeks in the special session, neither party is eager to tackle anything more daring than renewing Social Security's capacity to borrow from its disability insurance and Medicare funds. Even with that authority extended, Social Security is predicted to go broke in 1984. At week's end, concerned that Republicans were being hurt at the polls by the Social Security issue, Reagan denounced the Democrats for spreading the "falsehood" that...
...trust fund on which the system's pension checks are drawn almost ran dry in October. It will have to borrow $1.5 billion from the separate Medicare and disability-insurance funds to send out on time the checks that are to be mailed Nov. 3, the day after the election. The trust fund will need another $7 billion to $11 billion to maintain prompt payments through the first six months of 1983. After that, its borrowing authority expires...
...present. In September, prices charged by producers actually declined at an annual rate of 1.7%. Market watchers have in fact been noticing a shift in Federal Reserve policy for several weeks. The central bank has chopped the important discount rate, which is what it charges banks to borrow money, from 14% a year ago to 9.5%, the lowest level since June 1979. In addition, the Federal Reserve has allowed the money supply to expand during the past month at an annual rate of 14.5%, which, if permitted to continue, will force average growth rates far above...
Susan Morris '83 said yesterday that she realized she had lost $25 from her wallet after she noticed a hand reaching into the from pocket of her knapsack. The hand's owner then asked to borrow a pen, and left the lab soon after, she said...
...failure of one company often yields markets, capital and skilled labor that fuel the growth of another. Says Eugene Lerner, professor of finance at Northwestern University's J.L. Kellogg Graduate School of Management: "For a long time, thanks to inflation, a lot of firms found it convenient to borrow a lot more than was prudent. If inflation had continued, these same guys would have been millionaires. But someone always gets caught when the merry-go-round stops...