Word: borrowings
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Deeper down, inflation caused some dangerous distortions in the U.S. economy. Consumers and businessmen rushed to borrow, spend and invest, hustling to convert their cash into goods or services before the value of the dol lar declined still further. All this only stoked inflation, and led to an abnormally steep demand that may cause an abrupt contraction on some less lucky tomorrow. As usual, some of the worst victims of inflation were the poor, who had to pay more for everything and lacked either the resources or the sophistication to invest in property or paper with a rising value...
Originally a means of communication between kitchen and customer, the menu has become marinated, garnished, overstuffed, embosomed with verbiage and necklaced with adjectives. It is now characterized, to borrow a phrase from the Forum of the Twelve Caesars in New York, by "a Rising Crown of Pate and Triumphal Laurel Wreath." In other words, it is meaningless...
...other, less tangible factors that have aided the German recovery. As the Bild Zeitung somewhat pompously observed last week in comparing the Federal Republic to France and Britain: "If we went on strikes and took breaks as often as the others, we too would have to go out and borrow, the only question being: From whom? If we had so suicidal a trade union system as the British, our mark would be just as tuberculous as the pound. If we had as many unsolved social problems as the French, then we would have as much unrest...
...binding upon its 111 member nations, is a proviso that no country may devalue its currency without IMF permission. In practice, the IMF allows devaluation only when economic misfortune (almost always inflation) strips a currency of its hitherto established value. Barring devaluation, every IMF nation must buy, sell or borrow foreign currencies-in practical terms, dollars-in sufficient quantity to keep its own money within 1% of its declared worth...
...happens if the Faculty does end up with its much dreaded deficit. Under Harvard University's unusual financing plan (called "each tub on its own bottom" by University phrasemakers), the Faculty of Arts and Sciences, like each other department of the University, must balance its own budget. It may borrow from the University if it runs short one year, but whatever it borrows it must pay back. Long-term expenses, therefore, must be offset by tuition increases for each individual Faculty in order to keep the bottoms under the tubs...