Word: borrowings
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...automatic recommendation many would make--that the alarmed family seek a loan--highlights for Lyman the problem of the "lend 'em $5,000 bucks and send 'em out the door approach," a strategy graduate students particularly rely on. "Whether a student can borrow an infinite amount of money is a real problem," Lyman says...
...would seem to borrow most from the middle of Harvard-the placid, academic, somewhat boring postwar years. But our complacency is not the same, stemming from a bleak and not a sunny view of what lies ahead. Not many in the Class of '82 plan to burn around next year, not many are joining the Peace Corps. A job is a job, and not to be sneered at. Less stock is put on accomplishment, and more on getting ahead and getting by. Exuberance, energy, enthusiasm-those words described the Harvard of 1952 or 1962 much better than the Harvard...
...says no to a nice cuppa. "Tractors and Land Rovers have been offered freely to the troops to lug equipment to nearby hills. An 18-year-old boy used his father's tractor to haul gear from the shore. Another boy told the soldiers, "If you want to borrow my Suzuki, go right ahead...
...budget waffling on financial markets. Wall Street has been anxiously waiting for Congress to pass a budget resolution that offers some credible hope of holding deficits to about $100 billion a year. Already, uncertainty about how high future deficits will reach, and how much the Government will have to borrow to cover them, is preventing interest rates from falling-which they must if there is to be any strong recovery from the recession. If there is no budget, or if Congress passes one with deficit estimates that the financial community finds unacceptable, interest rates will surely stay high. That would...
...increase, from 4.6% to 5.6%. The next day, Michigan's economy was dealt a new blow when Moody's Investors Service dropped the state's bond rating from A to Baa-1, the lowest of any state. That will make it difficult for Michigan to borrow needed funds when the new fiscal year begins in October. So far, ten Democrats and seven Republicans have announced themselves as candidates for Milliken's job. No clear leader has emerged...