Word: borrowings
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...ideal museum show would therefore be a mating of Brideshead Revisited (the only vulgar novel Evelyn Waugh wrote) with House & Garden. It should borrow widely and set forth an impressive parade of authoritative objects, with special attention paid to the decorative arts. It should sketch a portrait of a vanished order without revisionist detail, thus provoking intense and pleasurable nostalgia for a past that none of its audience has had. Its opening nights should be long, socially frantic and attended by as many titled lenders and assorted Chinless Wonders as can be flown across the Atlantic. Royalty should be present...
...move that could make it more expensive for Harvard to borrow money for construction and other projects, a key House committee this weekend moved toward limiting the amount that private charities can borrow tax-free...
Financial Vice President Thomas O'Brien said yesterday the measure, if adopted by Congress, would cost Harvard $500,000 to $1 million annually in additional interest, on top of the University's $700 million yearly budget. The University would borrow less and pay commercial rates--two or three percentage points higher--for the loans it does take out, O'Brien said...
...people, it can be expected, will try, just as minors have always done, to get away with breaking the law. Many will beg their grandchildren to let them borrow their ID's for the weekend, even though this constitutes contibuting to the delinquency of an elder...
...danger that it might be too successful, setting off a stampede from the dollar that would damage the U.S. In effect, Washington is relying on foreign buyers of Treasury bills and bonds to finance the U.S. budget deficit. Abrupt withdrawal of that capital could force the Government either to borrow more in domestic markets, bringing about a disastrous rise in interest rates, or to indulge in a highly inflationary expansion of the money supply...