Word: borrowings
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Dates: during 1930-1939
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...Higgins family lifting their soup spoons with terrifying regularity show exactly why Dan Brooks abhors their company. He makes a brilliant thumbnail caricature of Dan's amazing friend. Colonel Pettigrew, out of a sequence in which the two meet for lunch after a long separation, each hoping to borrow money from the other and neither having enough cash to pay the check. This ability and Frank Capra's knack for getting the best out of his actors are what should make Broadway Bill as widely popular and as much admired by critics as that director's other two astounding hits...
...save money ("create reserves") for the rainy day of unemployment and then spend it. The difference is that if unemployment can be insured against, the insurance fund can theoretically guarantee to provide relief for the unemployed no matter how long they are out of work, can justifiably proceed to borrow money when its funds run out on the assumption that it can pay back its debt during the long period of employment that will "inevitably" follow. If unemployment lasts too long, however, the insurance fund may go bankrupt...
...Bonus Act of 1924, the Government assumed obligations to War veterans which now amount to $3,486,000,000 worth of endowment policies payable in full in 20 years. Over President Hoover's veto in 1931, the veterans won the right to borrow up to 50% of the face value of their policies-at 3½% interest per annum. Only 15% of the veterans failed to take advantage of the offer and some $1,689,915,531 was paid out to them as "loans." The Government has made no serious effort to spur beneficiaries into paying their interest, much...
...Merriam forces were straining every resource last week to beg, borrow or steal the voting strength of a Progressive candidate named Raymond LeRoy Haight of Los Angeles. He polled 85,000 votes on the Republican ticket, has a clean record, is a sworn foe of corporate interests. Most of his votes would go to Merriam if he withdrew. But Progressive Haight, who is only 38, seemed quite willing to have Acting Governor Merriam defeated and put aside, on the theory that by 1938 the electorate's disgust with Sinclair will give Haight a real chance of election...
...this fabulous gift there were bound to be strings. Otto will have to keep his museum open to the public. And, since it is unlikely that he will be allowed to sell or borrow against his museum's collections, his new-found wealth will remain largely titular. But that Archduke Otto had every intention of collecting in person was made evident last week in a letter he wrote to the peasant villages of Edelsgrub and Premstaetten, which recently made him an honorary citizen. Announcing again his desire to return from exile to Austria, he wrote...