Word: borrowings
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Dates: during 1950-1959
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Replacements may be recruitable from the other Montreal teams, otherwise the Crimson will borrow two of the Mount Royal players and the match will be 13-a-side...
...Canada interest rate were imposed to tighten the money supply and curb inflation. The latest increase, while it will have some anti-inflationary effect, was applied primarily for another reason: to get the government out of an embarrassing fiscal squeeze. In its most recent short-term (go-day) borrowings, the government had been forced to pay an interest rate of 3.26%, a slightly higher rate than the 3.25% interest on loans made through the Bank of Canada. That situation was obviously untenable; chartered banks would have been able to borrow from the government, then lend back the government...
...movie business in a big way with Cinerama. When he got out of Cinerama at a pleasant profit he parlayed the entire packet on a process he thought even better, Todd-AO. When he got out of Todd-AO, he put it all on Around the World, had to borrow more to make the distance. Two days before the opening, as he was struggling to raise the last $162,000 for the final payment, a syndicate offered to buy him out for $10 million plus 20% of the profits. Todd refused. "I gambled right up to the wire," he said...
...Painter's Part. Best of the lot. perhaps, was Trumbull's small Declaration of Independence (see cut). (The Atheneum was unable to borrow the actual painting from the Yale University Art Gallery, but it did exhibit a later version.) In only 30 inches of width, Yale's picture contains 48 portrait figures, all grouped naturally and convincingly in a manner suited to the solemn occasion. Among them, at the table before John Hancock, stand John Adams, Roger Sherman. Robert R. Livingston, Thomas Jefferson and Benjamin Franklin. The painting is a set piece, but Trumbull succeeded in conveying...
...money market checked the over accumulation of inventory in that year; in fact, the policy was too successful in that this tightness probably helped to cause the mild recession of 1954. Today the rediscount stands at three per cent and companies with AA credit ratings who could borrow under Democratic administration at 2.8 per cent are now forced to put 4 1/8 per cent coupons on their bonds. The tightness of money is preventing many businesses from expanding. While high interest rates do not usually restrain consumer credit (where the effective rate now reaches 24 per cent) since the size...