Word: borrowings
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Dates: during 1960-1969
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...transit systems, though already extensive, might still benefit from the Williams Bill. The MTA, currently operating with a heavy deficit, could quality for federal loans or grants to rebuild the Charlestown El and extend it to Medford and Malden. Builders of the proposed South Shore monorail might also borrow or be given federal money...
...abstractness of the opera's characters and the aura of tension which the music drapes upon them create for the drama a mystique like the one it borrows from medievalism. The substance of that mystique is its steady assertion of the opera's profundity through such abstractness and brooding. But it is a fragile mystique which must borrow that of another age to make itself compelling and undertakes no complete replacement of the outmoded issues of that other time. If such drama seeks to establish itself as a spiritual guide, let it do that by attacking the concrete human issues...
...than a folk musician. Cahn sings everything with a German-Jewish accent which alienates many purists. But those who judge him in comparison with Eric Von Schmidt, Jack Elliott or Sabicas (depending on which type of music Cahn happens to be playing) miss the point of Rolf Cahn. To borrow a phrase, he's in his own bag, but that bag doesn't keep Cahn from being one of the most exciting performers in folk music...
Aside from the troubles of the Common Market, perhaps the most widely discussed economic topic in Europe is a spreading phenomenon known as "Le Plan." So called because the French, having Gallicized what they found useful to borrow, have pushed it hard at home and proselytized for it throughout Europe, Le Plan is a form of state economic planning, somewhere between Western capitalism and socialism. It is becoming a favorite device in Western Europe, designed to expand business, brake inflation and put critically short capital resources to the most productive uses...
...Treasury). But he argues that corporations have already set the money aside in special funds for taxes, and would not in any case have spent the money for anything else. Many companies do not fit this model; they keep their tax money working in their businesses and borrow whatever they need to pay their tax installments. For them the speedup forces a choice of either borrowing more to make their payments-thus straining their credit ratings-or cutting into the working capital they need to operate their businesses. Either way, the tax "cut" will hardly put them in an immediate...