Word: borrowers
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...Says Kenyatta: "I have never been a violent man. My whole life has been antiviolence." As for the eight years of detention, partly spent at remote Lodwar, where the hot winds have blown the land into a veritable moonscape, Kenyatta insists: "I bear no grudge against anybody. I would borrow from the New Testament where Jesus said: 'Father, forgive them; for they do not know what they are doing...
...economic indicator close to the heart of every American-the cost of borrowing money-has not followed the usual recovery curve. Interest rates classically move up and down as the economy does; it costs more to borrow money when recovery gets going. But this year, interest rates have risen scarcely at all-despite the fact that the Federal Reserve industrial production index hit an alltime high of 112 in July. Says Vice President John J. Barry of Boston's National Shawmut Bank: "Right now there seems to be an equilibrium between supply and demand for funds...
...increase in the bank rate from 5% to 7%. By making money more expensive to borrow, it will slow Britain's real estate and building boom, help check the forces of inflation...
...College aims high. It will have a prestige campus, maintain Ivy League standards, borrow its tutorial system from Oxford. Already picked as president is energetic, Florida-born George F. Baughman, 46, a crack administrator who last week resigned as vice president and treasurer of New York University to take on his new duties. He has solid work ahead. To make New College's dream materialize, President Baughman aims to raise $10 million...
...another Congressional action last week, Arkansas' J. William Fulbright and his Senate Foreign Relations Committee approved (10-7) Kennedy proposals to bypass annual congressional authorization for foreign aid, and to borrow $8.8 billion from the Treasury for a five-year program. The committee authorized nearly everything the President wanted in the way of funds this year; its tremendous influence on Capitol Hill likely will shove the foreign-aid bill neatly through both houses. With the big bill for foreign aid and another big vote for defense coming up, Jack Kennedy was just as glad...