Word: borrowings
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...balanced growth, the pleasures of expansion turned into the pangs of inflation. Consumer prices pushed up 3.6% and industrial production expanded by an unsustainably high 8%. Striving for stability, the Government put its reliance largely on one weapon: the manipulation of monetary policy. Money became costlier and harder to borrow than at any time in 40 years...
...begin with, private entrepreneurs and even large companies are wary of financing them. Reston, Virginia, is a case in point. Between 1962 and 1964 Robert Simon, an architect, made unsuccessful attempts to borrow money for Reston from eighty different sources, including banks, insurance companies, and large corporations. Finally, just five days before the deadline set by Simon's contractors, Gulf Oil made a fifteen million dollar commitment. The price: first mortgage on all of Simon's land, an option to buy stock in Reston, and the only gas station in town...
...notably in the metals, textiles and electronics industries. Hoping to enlarge the capital supply and to make Paris a world financial center on the order of London or New York, the Cabinet earlier this month liberalized the long-shackled French money market. French companies will soon be allowed to borrow funds from abroad fairly freely, and foreign companies to float loans in France; at the same time, French investors will be allowed to hold foreign securities in their own names, and French banks will be able to start paying interest on deposits by foreigners...
Freshman rooms were usually the dirtiest in the college, even when porters vacuumed them once a week. Now that the University has eliminated this service, conditions have gone from bad to worse. Most members of the class of '70 have apparently declined the University's gracious invitation to borrow vacuuming equipment and clean their own floors. And the rooms, say the proctors sadly, are beginning to look like sties...
...M.I.T., a student can borrow at only 1% interest while in school and at 2% once he lands a postgraduate job, then pay back only $300 a year on the principal. The school offered $346,000 in loans this year, plus another $714,000 in direct scholarships. About 40% of Princeton's students are on scholarships as part of a $2,650,000 aid program. Huge Ohio State (enrollment 34,000) spends nearly $12 million a year on student work salaries alone. Even California's small Pomona College has 80% of its students on jobs and has been...