Word: borrowing
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Dates: during 1960-1969
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...country's top economist, wants to eliminate price supports, close inefficient plants, retrain workers and import Western goods so that Czechoslovak consumers can become accustomed to-and demand from their own manufacturers-better-grade products. In order to slip away from the Soviet embrace, Sik wants to borrow $500 million in Western Europe if the Soviets will not provide what he needs. With that money, Czechoslovak plants could buy the new equipment that they need to turn out high-quality products to sell in competitive Western markets...
Restricted in the amount of dollars and foreign earnings that they can invest in their international operations, U.S. companies have been finding new sources of capital on European money markets. Last week the Government reported that U.S. corporations figure to borrow, or arrange to borrow, more than $3 billion abroad this year. Because of their success in arranging loans such as these, the total U.S. corporate investment abroad this year is expected to surpass the $10.2 billion it totaled in 1967-without increasing the dollar outflow...
...Haven, Conn., by Sybil, a seven-year-old elephant with a Rockefeller sticker on her trunk, and dropped in at the famous Humphrey drugstore in Huron, S. Dak., to pick up gifts for Happy and the two boys; when the $21.08 bill was rung up, he had to borrow $1 from an aide and 8? from a LIFE reporter...
Nonetheless, the potential long-term benefits are obvious. The federal deficit for the next fiscal year is now estimated at about $7.5 billion, as much as $22.5 billion less than it might have been without the tax bill. As a result, Washington will not have to borrow as much money -good news for those seeking home mortgages or other forms of credit. The entire economy could ease into a more stable growth pattern than has prevailed for the past two years. There may be some disconcerting bumps as things decelerate, but they are likely to be gentle compared...
...Fogg's reputation and contact with exstudents who work at other museums make it easy for grad students like Mrs. Janis to borrow works and set up exhibits. And the practice in setting up exhibits is valuable to would-be and will-be curators. In fact it gives graduate education in Harvard's Fine Arts department a distinct bias to producing curators rather than educators...