Word: borrowings
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Dates: during 1950-1959
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...though Uruguay has rare freedom and with it one of Latin America's highest standards of living, it also has mounting financial problems. The national debt total for the past three years is $72,800,000, and the government has plans to borrow another $190 million. Wool sales are lagging behind because of low prices on the world market. A wheat surplus, spurred by government subsidies, is snowballing. To complicate matters, the subsidies have encouraged cattlemen to reduce herds and convert pasture land to wheat. As a result, many of the country's packing and canning plants...
...PLANES will soon be ordered by American. Airlines and Eastern, who have already started raising the cash to pay for them. American will borrow $75 million from Metropolitan Life Insurance toward 20 jet transports. Eastern will get a $90 million loan from Equitable Life Assurance, plans to spend $40 million for jets. Neither airline has yet decided between Boeing 707s and Douglas...
...labs, under the direction of Gerald J. Holton, associate professor of Physics, will be held this year in the unfinished basement of Burr and will have to borrow all their equipment from the physics lab on a week-to-week basis...
...third visitation: three unidentified ruffians waited in the shadows of his doorway as he drove up to his house, ordered him inside and shot him dead. Called by a fleeing servant, the police arrived in time to kill one assailant while the others fled. Loath to borrow trouble in matters involving Formosa and Peking, the Hong Kong police at first attempted to dismiss the whole incident as "a simple robbery," but later, thinking better of it, posted a whopping reward of $3,500 for the missing murderers...
Authorized by the Federal Reserve Board and its chairman, William McChesney Martin Jr., the Federal Reserve System's districts across the U.S. started boosting the rediscount, i.e., interest, rate to banks who borrow money from the Federal Reserve. Within 48 hours, ten Federal Reserve Banks announced increases in their rates of ¼ to a total of 2% on loans. In Cleveland, where autos, steel and machine tools are rolling along at record rates, the increase was a full ½, up to 2¼%. Private bankers quickly passed on the new rates. By week's end virtually every...