Word: borrowers
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Dates: during 1950-1959
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...LOAN-RATE BOOST is being urged by President Eisenhower so that federal agencies will charge as much to lend money to public as Treasury pays to borrow it. But Administration's plan will run into congressional trouble because many beneficiaries of low rates are lobbying hard against it, e.g., National Rural Electric Cooperative Association, which fears plan would raise REA loan interest from 2% to going Treasury long-term loan rate...
Soak the Rich. Having already borrowed the legal limit from the Bank of France and hoping to borrow more to offset the government deficit, Mollet had encountered Bank of France Governor Wilfrid Baumgartner, conscientious keeper of the country's precious bullion reserves. Said smooth, silver-haired Baumgartner: "I want collateral-taxes. And quickly." Mollet's answer: a soak-the-rich tax program that hit corporation earnings, dividends and inventories, added four francs per liter...
Typical deal: a foreign airline wants seven Boeing 707 jets at a cost of $36 million. Rather than tie up its own working capital or dilute its lines of credit, it is dickering for a lease. National Equipment plans to borrow the money from institutional investors, buy the planes and lease them. National Equipment's client will rent each plane for eight years, and pay off the full purchase price in rental installments. The lessee will also pay interest on the loans and a fee (usually ¼% to 2%, although some go as high as 6%) to the leasing...
Science is a third modern influence which might have a bad effect on art. Shahn disclaimed "the present tendency of some to borrow glory and value by a self-association with science...
...trusteeship. A Toronto local flatly rejected Dave Beck's requests for financial aid for conducting the legal defenses of Teamster leaders. Chain letters were circulating in Los Angeles advising Teamster members to withhold their union dues. Brooding about the hundreds of thousands of dollars Teamster leaders had admitted "borrowing" from the union, a Los Angeles truck driver grumbled: "I can't even go down to the union hall and borrow...