Word: borrowings
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Dates: during 1960-1969
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...expanded the money supply at an annual rate of 7.7% so far this year, against only 2.2% during the 1966 tight-money squeeze. Looming inflation should impel the Fed to tighten up soon, but if it does many financial men fear the Treasury will be hard put to borrow $10.6 billion before year's end to pay the nation's soaring bills. "I think the Fed has been had," said former Chief White House Economist Raymond Saulnier last week. "We're on the brink of a financial crisis...
...magazine ad goes even further in highlighting the Javelin's supposed advantages by picturing it side by side with a Mustang-even though the latter is a '67 model, while the Javelin is a '68. Wells, Rich, Greene reports that it tried without success to borrow a not-yet-released '68 Mustang from Ford...
...sell it. The sale was just as quiet, and Paul Primock, ostensibly acting for Sears, was allowed to buy all of Jackson's buildings and acreage for $647.71. It was all done so discreetly that Jackson knew nothing about it until eleven months later, when he tried to borrow money and the loan company discovered that he had no property to borrow against...
...Shanker, who is teaching Harrison the entirely non-Western discipline of the sitar, to the Amadeus String Quartet (unsurpassed even by the Budapest), which recorded the background for "Eleanor Rigby" and which has leant the Beatles some of the Western tradition. Lennon and McCartney read voraciously, and they might borrow inspiration as easily from Eugene O'Neill as from Dylan or Ginsberg. The important thing is that being open-minded borrowers, the Beatles will be producing new, but slightly derivative, kinds of music long after the strictly original geniuses of their generation have choked on their own preoccupations...
...warrants, which are rights to buy stock and which sell for much less than the stock itself. His "ideal" investment is the convertible debenture, a bond that the owner can convert into stock and which, at its best, combines high yield with growth. Investors who are willing to borrow heavily can get considerable leverage with debentures, because bankers commonly lend from 75% to 90% of the purchase price...