Word: borrowings
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...tenant from a Manhattan housing project set in the customary grassed areas dear to all rebuilders: "They threw our homes down and pushed us here and pushed our friends somewhere else. We don't have a place to get a cup of coffee or a paper even, or borrow 50? . . . But the big men come and look at that grass and say, 'Isn't that wonderful! Now the poor have everything...
Spewing mud from its tires, the motorcycle snarled into the sleepy farmyard-and plowed abruptly into a pole. Uninjured, the rider hopped off, inspected the damage, and turned to the startled farmer. "My name is Jill Savage," she said sweetly, "Could I please borrow your hammer...
...licensee and beefed up a third with more money -all within three days. "Money means nothing to scientists," says one management spokesman, who happily recalls the occasion when one budget watcher snagged a scientist's purchase order for an $8,500 digital ohmmeter, told him to borrow one from another Avco division. (He did.) At the same time, Avco has cracked down on high-stepping traveling executives, advises them to fly tourist class and stay at inexpensive hotels recommended by the company. (They...
Convinced that foreign aid cannot be fully effective so long as it remains on a hand-to-mouth, year-by-year basis, President Kennedy had thrown all his resources into an effort for a fiveyear, $8.8 billion program, with authorization to borrow the money from the U.S. Treasury rather than return to Congress each year for appropriations. Last week's conference committee did "authorize" a $7.2 billion foreign aid program for the next five years. return to the Congress each year for the appropriations that would make the authority meaningful. This, as the Administration well knew, meant that foreign...
Above all, the supply of lendable funds remains high. Personal income is up to a record $419 billion annual rate, and the nation's cautious consumers have been banking 7% of their disposable income. Industry is not rushing to borrow, for plant overcapacity persists despite July's 2% rise in production. Says one Fed official: "It is hardly reasonable to expect higher interest rates when our output is still running far below what...