Word: borrowing
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Dates: during 1960-1969
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...morning, in a ritual as fixed and revered as the changing of the guard, the Bank of England's 18 di rectors meet behind its Corinthian col umns and mahogany doors to plot their strategy for protecting the pound. In measured tones, they debate how much money to borrow in the domestic mar ket, whether to buy or sell sterling in foreign markets and - most important -whether to change the bank's interest rate. After each meeting the chief liai son man, Peter Daniell, dons his top hat, starts on a 21-minute walk across Bartholomew Lane...
...line Wall Street brokers, Ira Haupt and J. R. Williston & Beane, who also handled his futures trading and pocketed commissions totaling up to $100,000 a month. For collateral, they took De Angelis' warehouse receipts for the nonexistent oil. In turn, the brokerage houses used this paper to borrow money from such eminent banks as Chase Manhattan and Continental Illinois...
...pouchier than ever-but he is recognized as a real master in the art of political survival. On the day that Lindsay announced his candidacy, Wagner found himself in the position of announcing a record city budget of $3.87 billion, involving $255 million of what Wagner lamely described as "borrow now, repay later" financing. That was embarrassing, but Wagner has come back strong from much worse embarrassments. No one would claim that Wagner has been a great mayor, but New York has had a lot worse ones, and Wagner at least has a reputation for honesty, a commodity not always...
...quietly take on study assignments for the IMF (current study: proposals for a new type of international reserve currency) and, when necessary, supplement IMF loans with their own hard currencies. In the latter case, they contribute quotas under an agreement called the General Arrangements to Borrow, which is known as GAB. Meetings: whenever necessary, usually several times a year...
Harvard could well add a pair of lines to the immortal couplet that a sports-writer composed long ago about the two-man pitching staff of the old Boston Braves. With the season 15 games old. The Crimson nine has been unable to , borrow, steal, or excavate another front-line pitcher to go with righthander John Scott and lefthander Jim McCandlish...