Word: borrowings
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Dates: during 1970-1979
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...enraged. This nation can put a man on the moon. Then why in hell can't we deactivate our nerve gas [Aug. 17]? If we haven't the brains, why can't we borrow some from the U.N. and put this problem where it belongs, since we no longer seem to be responsible for our actions...
Similarly, Dempsey-Tegeler arranged last March to borrow $7,000,000 from Denver Oilman John McC. King. The loan consisted of stock in King Resources Co., which explores and develops oil and gas prospects. As those shares plummeted, Dempsey-Tegeler fell apart. Last week John King was also in financial trouble, and he resigned as chairman of both King Resources and the Colorado Corp...
Fearing thermal and radioactive pollution from a huge nuclear power plant in Monticello, Minn., conservationists have filed a lawsuit against state agencies and Northern States Power Co. to bar the plant's operations. Result: the Minneapolis-St. Paul area has to borrow power from neighboring utilities. In Kalamazoo, Mich., another nuke is stalled pending consideration of the ecological effects of the plant's discharge of hot water into Lake Michigan. Until pollution-free fuels or new generating techniques can create energy without contaminating the environment, such conflicts are likely to spread across the nation...
...ladler for a deep stir so they would not get only flavored water. Women began appearing on that once all-male mode of transport, the freight car. A petty thief, lacking a gun for a sudden job, knew that corruption was so rampant that he could borrow the needed weapon from a cop on patrol. At farm foreclosure sales, friends would gather, bid 10? for every item, scare others out of bidding more, then give everything back to the farmer. And in his mother's hotel, Terkel, then in his teens, sensed that the Depression...
...open-handed policy might be inflationary. But Federal Reserve officials are also pledged not to permit a wave of corporate bankruptcies, and last week they acted to make sure banks have enough cash to meet demands from corporations seeking loans to pay off commercial paper. They invited banks to borrow more money directly from the Federal Reserve system itself. The Fed also removed the ceilings on interest that banks can pay on short-term certificates of deposit. These rates then jumped from about 61% to 8%, which is just about the going level for commercial paper. The rise should encourage...