Word: borrowing
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...Chemical Bank two weeks ago increased its rates on loans to finance companies from 4½% to 4¾%, other major banks followed. Last week the world's largest lender, California's Bank of America, said that it has been selectively increasing rates to many borrowers, and the Chase Manhattan announced that it will pare down the number of customers eligible for the prime rate. But borrowing will probably continue to increase, if only because businessmen are entering the Christmas buying season when they traditionally borrow enthusiastically to support inventories. Thus, whatever bankers do or the Administration says...
...cardholders, and to introduce the credit card to its own 566,000 checking-account customers. It is even talking about a companion "Carte Bleue" that New Yorkers might use In neighborhood stores. What the bank aims for is a fully rounded financial service, in which a customer can save, borrow and charge everything from hospital care to trips abroad...
...accepted," noted that "this is the first time an effort has been made to settle disaster claims en masse by reviewing the damages and having the defendant put up an amount to cover them." As for raising the money, Archbishop Cody says the archdiocese has "a moral obligation" to borrow from banks rather than solicit Chicago parishes...
Joseph McCarthy, by no means the only man to exploit the nation's latent fears, gave the era his name since he, more than any one else, had, to borrow Richard Rovere's phrase, "surer, swifter access to the dark places of the American mind...
Taken together, the best features of these plans would repair the inadequacies of the current system. The money drought would be alleviated for developing nations, which would be able to borrow more readily from the international treasury. Nations suffering from temporary financial embarrassment, such as Britain, would be able to borrow fairly easily instead of devaluing. The Continental countries, by contributing their own currencies to the new reserve fund, would share in both the rewards and burdens of serving as banker to the world. And the increased supply of reserves would ease the pressure on the dollar because...