Word: borrowings
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...most dramatic change outlined in the bills would be the elimination of banks from the Stafford Loan Program. By creating a Direct Loan Program, students would borrow money from the federal government instead of from banks...
...interest rates fall, consumers are looking with puzzlement and anger at the carrying charges on their credit-card balances. Why have those rates refused to budge? The spread between what banks pay to borrow money and the interest rates they charge on credit cards has grown to nearly 14 percentage points, the widest gap since the deregulation of interest rates in 1982. The chasm has attracted both public scorn and scrutiny. Declares Stephen Brobeck, executive director of the Consumer Federation of America: "Consumers are being gouged by the banks...
Bankers, who have grown prickly about the issue, contend that the high charges help pay for the many services offered with credit cards, including 24-hour help lines and travel insurance. What banks pay to borrow money accounts for only one-third of their credit-card costs, according to Philip Corwin, director of retail banking at the American Bankers Association. If a bank is charging 18%, says Corwin, about 15 percentage points go toward covering costs; the rest is profit...
...record $345 billion in the fiscal year that began last week. With handicaps like that, it will be hard for Bush or the Democrats to seize upon any quick fixes. If the recession drags on, the race is likely to be a closer one in which the Democrats borrow a question from the 1980 Republican campaign: Are you better off than you were four years...
...students decided to borrow from professional ad campaigns to attract voters...