Word: fortnightlies
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...bluest-chip corporations must pay for a bank loan, commercial banks have agreed about what that interest charge should be. Sometimes it has taken a few days; once, in 1958, it took a week for the pacemaking banks to fall in line with a lower rate. But for a fortnight some 40 of the nation's biggest banks have, to their consternation, found themselves in an unexpected battle over "the prime" with Chase Manhattan, New York City's biggest and the nation's second largest bank...
...hungry, new mouths are born in India with metronomic regularity. This month the population soared over the 500-million mark, prompting Prime Minister Indira Gandhi to complain that her task is a lot like "building a house on land that is constantly flooded." Having just completed a "family-planning fortnight" to sell anew the slogan that "A small family is a happy one," the government-which has been endorsing birth control for 36 years-is still looking for ways to make this revolutionary idea catch fire across the land...
...only so far. Last week Smith suggested that the last thin thread to London would soon be cut. He would have to check with his legal advisers, he said, but it might well be that when Britain asked the U.N. Security Council to impose economic sanctions against his regime fortnight ago, "we willy nilly became a republic at that time...
...that Janko Smole, president of the executive council of the Yugoslav state of Slovenia, found himself confronted with noisy objections fortnight ago in the regional legislature. He was trying to push through a bill streamlining the Slovenian health-insurance bureaucracy-for which over half of the deputies worked and thus were reluctant to see reorganized. Speaker after speaker rose to denounce Smole's proposed law. Tolerantly, the president let the deputies rant and rave, confident that when all was said, the party's will would be done as usual. But when he called for a vote, the measure...
Last week, for the second time in a fortnight, President Johnson responded to the industry's cries for help by doling out a little federal mortgage money. He ordered the Federal Home Loan Bank Board to pump as much as $500 million into savings and loan associations over the next three or four months in order to help them step up their lending on homes. The week before, the President had released $250 million through the Federal National Mortgage Association for direct Government purchase of FHA and VA loans on low-priced new homes...