Word: borrows
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Dates: during 1950-1959
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...fees). Holders of government bonds, savings accounts, etc. totaling $2 billion (v. only $190 million worth of privately owned stock) will still be allowed to play ring-around-a-rosy with the tax collectors. As private capital disappears from the stock market, industrialists fear that they will have to borrow from government-controlled banks instead. The stock market, a major pillar of free enterprise, would thus become an ornamental façade for a socialist economy that is already 40% government-owned. Italian financial leaders have tried to convince the government that a dividend tax levied directly on corporations would...
...occupation forced on the Jews of Europe in the Middle Ages by the Christians, who were forbidden to lend money at interest - but not to borrow...
...Reserve kept individual bank reserves low, and the banks had to borrow moderate sums from the Federal Reserve. This, according to Harris, was "a mild warning," but was, nevertheless, exactly what was needed. "The Federal Reserve ought to be praised for using limited powers with courage and finesse," Harris concluded...
...that of money, this year's backstage boom can also be instructive. While the University treasury and the people who usually help to fill it would readily finance something that "students really need," they seem hesitant about a theatre. To solve this problem, however, the Administration need only borrow a little of the ingenuity that theatrical undergraduates have been exhibiting all year. The solution is obvious to anyone who has observed the occupants of the Lowell Dining Hall recently; the actors and playgoers do fine in the evening, but the diners are rather discomfited during the daytime. The obvious answer...
...more checks on credit and industrial expansion. With a flourish of his pen FRB Chairman William McChesney Martin Jr. okayed, for the fifth time in a year, an increase in the discount rate for eleven of FRB's twelve district banks, thus making it more expensive to borrow money...