Word: borrowings
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Dates: during 1960-1969
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...Says Kenyatta: "I have never been a violent man. My whole life has been antiviolence." As for the eight years of detention, partly spent at remote Lodwar, where the hot winds have blown the land into a veritable moonscape, Kenyatta insists: "I bear no grudge against anybody. I would borrow from the New Testament where Jesus said: 'Father, forgive them; for they do not know what they are doing...
...increase in the bank rate from 5% to 7%. By making money more expensive to borrow, it will slow Britain's real estate and building boom, help check the forces of inflation...
...College aims high. It will have a prestige campus, maintain Ivy League standards, borrow its tutorial system from Oxford. Already picked as president is energetic, Florida-born George F. Baughman, 46, a crack administrator who last week resigned as vice president and treasurer of New York University to take on his new duties. He has solid work ahead. To make New College's dream materialize, President Baughman aims to raise $10 million...
...another Congressional action last week, Arkansas' J. William Fulbright and his Senate Foreign Relations Committee approved (10-7) Kennedy proposals to bypass annual congressional authorization for foreign aid, and to borrow $8.8 billion from the Treasury for a five-year program. The committee authorized nearly everything the President wanted in the way of funds this year; its tremendous influence on Capitol Hill likely will shove the foreign-aid bill neatly through both houses. With the big bill for foreign aid and another big vote for defense coming up, Jack Kennedy was just as glad...
...into rushing the bill along. Time was running in the bill's favor, and the opposition appeared to be crumbling. Representative Tom Pelly of Washington was able to muster only 83 of the House's 437 members on a petition protesting the President's plan to borrow $7.3 billion directly from the Treasury-a tactic designed to bypass the authority of the penny-pinching House Appropriations Committee. Even respected Republican Treasury Secretary Douglas Dillon argued that such "backdoor spending" was an economically sound procedure, used by every President since Herbert Hoover to support some 20 federal agencies...