Word: borrowings
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Dates: during 1960-1969
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...supply in order to slow a rapid price rise, the Federal Reserve Board acted so decisively that the financial markets reacted with hysteria. Interest rates rose rapidly, the Dow Jones average sank 25%, and many lenders were so short of funds that it became extraordinarily tough for corporations to borrow...
...immediate reason for the jump to last week's peak was the rush to borrow Eurodollars for conversion into German marks. Big-time speculators found it much easier to borrow on the Eurodollar market than to dig into their own pockets for the money...
...typical audience is a group of innocent people collapsed into a cavern, some out of duty, some out of curiosity, a few out of vanity, sensuous lust, of sheer chance. To borrow an image from F. Scott Fitzgerald, the musical landscape is like the ears of Dr. T.J. Eckleberg poised over a valley of ash in which there rests a supine multitude, with a string quartet in the middle playing uneasily. Yet there precariously exists among these people a fund of instinctive love for art. The problem is that this regard, if it hasn't been ground to pieces...
...Cage and Stockhausen. The latter reacted against the old ghosts of Kingsor and Vienna, Wagner and Schoenberg himself. The new principle was that the legitimacy of music flows simply from the auditor's effort to feel sheer sounds. Music is the sensitized constancy of the world's masses. To borrow a term from language studies, music is mimetic; it imitates life as it strives to express it. In the music of chance, the craft of composition refers more to the preparation of the listener than to the formal organization of technical elements. The cry that chance music is anarchic...
...five-day week than the young. On a Saturday in summer, the banks of the Moscow River are crowded with young couples strolling and kissing. Even in winter there are ways to beat the restrictions imposed by the chronic housing shortage. The usual way has been to borrow the flat of a friendly couple who are going to the theater or the ballet for an evening, but leisure inspires variations. This past winter one enterprising young man booked a first-class compartment for himself and his girl friend on the Red Arrow express to Leningrad. The trip was expensive...