Word: costs
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Dates: during 1970-1979
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...hard statistics. The financial aid office, which last year doled out $40,000 for study abroad, is not overly concerned about the possible drain on Harvard's resources. The Financial Aid Office now gives money for study abroad according to students' needs, up to but not more than the cost of a year's education at Harvard. Most foreign colleges are far less expensive than Harvard, Martha C. Lyman, director of financial aid, points out. Lyman does not foresee economic catastrophe even if the number of study abroad students increases dramatically...
...commercial banks that borrow funds from it. Since Federal Reserve rules require banks to keep a certain amount of money in reserve for every dollar in loans to customers, banks that want to increase their lending sometimes turn to Federal Reserve discount funds to do so. Pushing up the cost of those funds discourages banks from borrowing and thereby helps hold down the expansion of credit...
...banks from foreign sources for relending to borrowers in the U.S. be set aside and not loaned to anyone. Known generally as Eurodollars, these expatriate greenbacks have accumulated as U.S. payments deficits, starting in the 1960s; lately they have been increasing dramatically as a result of the rising cost of imported oil. Today they form a $600 billion money mountain in Europe as well as in the Caribbean and other offshore tax havens, where they have escaped the control of the Federal Reserve. In the past, when the Fed tried to curb the pace of business?and inflation?by limiting...
...cost of living clause may be harder to win at the negotiating tables...
They called for reduction of their work week, a built-in cost-of-living clause and coverage for a complete health care plan...