Word: debt
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Dates: during 1950-1959
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...increased net income is particularly welcome this year because our recent expansion of the Harvard Square store caused a substantial debt," Teele explained. "Additional capital is also needed in order to expand our inventories," he added...
WASHINGTON, Sept. 30--Soviet Premier Nikita Khrushchev was told at Camp David that if the U.S.S.R. is reasonable about paying off its multimillion-dollar lend-lease debt it may pave the way for easing U.S. trade restrictions against the Soviet Union...
...failure to raise the 4¼% ceiling on long-term Government bond rates (TIME, Sept. 21). Raising the interest the Government pays on such bonds, argued Congressmen, would only be an open invitation to all other money rates to go up, would cost the Government more to finance its debt. Last week interest rates were going up anyway without an invitation, and the Government was paying close to-or more than-4¼% on its new securities...
Congress' refusal to raise the ceiling on the long-term end of the Government bond market has forced the Treasury to do all its financing in the inflationary short end. Between now and Jan. 1, the Treasury has to refinance almost $12 billion in old debt and borrow $7 billion in new cash. So much money borrowed in the short end has created a strong pressure to shove all interest rates higher. The process is already operating. Last week, as the 91-day bill rate went up to nearly 4.2% from 3.979% on the sale a week before...
...world of her own with smelling salts and trailing dresses and a stubborn refusal to go to work "no matter how needy the rest of the family might be. She was "a touching combination of the sane and the ludicrous along with some secret splendor within herself." Come debt or hunger, she would go to the theater, taking her nephew with her, and when there wasn't even a quarter for the gas meter, she would read her novels by candlelight, teaching Moss that the mind can be its own grand and inviolable theater...