Word: borrowings
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Dates: during 1960-1969
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...other half from a direct raid on the Treasury, thus adding to the federal deficit. Congress provided the other $3.76 billion by authorizing the Treasury to buy $110 million more of Fannie Mae preferred stock (also deficit inflating) and by raising the agency's authority to borrow private money from ten to 15 times the value of its capital...
...borrow a cricket term, it was a very sticky wicket. There was the visiting Westhampton (L.I.) Mallet Club, unrivaled at home, ignominiously defeated eight straight times by London's Hurlingham Croquet Club. "Do you need a coach?" inquired the British captain. "We need a coach-and-four," groaned a U.S. player. But the colonials have just begun to fight. Back home, plans were already afoot to form a kind of U.S. Olympic team of malleteers, including all the croquet greats: Composer Richard Rodgers, Actors David Wayne and Gig Young, and as spiritual leader, a man described as "a living...
...development is giving these human beings the freedom they need. They will use it very well." America's fabulous farm underpinnings have conferred that freedom-and power-on its people. With carrot and stick, the U.S. now offers the underdeveloped world a chance-perhaps its last-to borrow U.S. techniques and reach for the same nourishing reward...
...ordered so many jets that even his fabulously profitable Hughes Tool Co. could not meet the bill. While he still could have done so, Hughes brushed off proposals that he give up a small part of his 78% ownership of TWA to raise money. In the end, forced to borrow $165 million or face receivership, he had to surrender operating control of TWA to the Metropolitan and Equitable life-insurance companies and a group of 15 banks. Hughes placed his stock in a ten-year voting trust controlled by the lenders, who named former Ford Motor Chairman Ernest Breech...
...been expected on Threadneedle Street as well as Wall Street. Faced with a continuing economic crisis and with a shaky pound sterling that slipped at one point to its lowest value in 20 months, the directors raised the bank rate-the interest that other banks must pay to borrow from Britain's central bank. The rate was increased from 6% to 7%, a level it last reached during the sterling crisis of November 1964. Thus Britain became the sixth European nation to raise its discount rate in the past ten weeks; the British rate, moreover, is now the highest...