Word: borrowing
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Dates: during 1940-1949
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Other divisions of TIME Inc. also borrow him in times of crisis - such as last week's SOS from the Paris printer of one of our overseas editions for a plane-sped package of extender (ink dryer). He has even been useful in getting people to work. Recently, one of our researchers injured a kneecap and another, who had just recovered from a broken leg, offered to lend the invalid her idle crutches to come to the office on. Scorning a taxicab, Dailey strapped the crutches on either side of his motorcycle and admired the way people gaped...
Next day the planemakers trooped to Washington to tell their story to Senator Owen Brewster's aviation subcommittee. Glenn Martin, short of cash, has been able to borrow only $3,000,000 from bankers. He has had to ask RFC for a $25,000,000 loan to keep operating. Martin emphasized that modern planes can't be built on a shoestring basis. Said he: "National defense needs have advanced to a supertechnical stage which makes it impractical and unrealistic, if not impossible, to carry out the Government's past policy of a skeleton peacetime military organization...
Said the-other: "Before the war, when another university wanted to borrow a professor even for a six-month lectureship, they wrote a polite letter asking our permission. Now they just send a telegram direct to the professor, offering him a permanent job. The only way I hear about it is if I happen to run into the professor with his furniture on his back...
...broad outline, the deal called for Aramco to borrow $227,500,000 from a group of banks to spend on the venture. (Jersey Standard and Socony will guarantee $102,000,000 of the loans, all three companies will share the rest.) Aramco will build a 1,000-mile pipeline from the blistering oil-rich city of Dammam to the Mediterranean: it will construct a deep-water port at Dammam, build a short railroad, install additional refinery equipment and connecting pipelines. All this, it expects, will step up production in Arabia from the current 200,000 barrels...
...Most of the nation's editorial writers, recalling Calvin Coolidge and the Boston police strike, held that the strikers were in the wrong, even while many writers sympathized with their grievances. (According to the Federation, the average Buffalo teacher was going into the hole every year, had to borrow, or take a part-time job to make ends meet...