Word: interest
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Dates: during 1970-1979
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...South African blacks now attend Harvard and if there would be more with greater scholarship aid available. But if this is the case then either Harvard now discriminates against them or there are other constraints (for example, lack of adequate background, government interference, or lack of interest) that the Biko Fund would not remedy...
...checks, Lance was apparently kiting banks. He played the game with a series of unsecured loans, the Government charges, borrowing from one bank to pay off another; his relatives and associates took out more than 383 loans from more than 40 banks. Long-term overdrafts were also used as interest-free loans, the indictment states. In 1975, 21 associates and friends, who held less than ½% of the checking accounts at the Calhoun bank, had averaged 55% of the bank's overdrafts. Their various schemes and extensions of credit allegedly led to $500,000 in actual or potential loss...
...returns were watched with an unusual interest in the U.S., which has a natural concern about the political stability of a country that is not only its neighbor but also a key supplier of oil, natural gas and other raw materials. In recent years Washington has been jittery about Quebec's volatile separatist movement and has privately applauded Trudeau's efforts to control it. State Department officials expect no significant changes in U.S.-Canada relations as a result of Clark's victory. But they acknowledge that it will take some time for the new Prime Minister...
...handlers were so leery of verbal miscues that they limited his appearances to small groups and friendly audiences. They also shrewdly declined to put forward detailed proposals that Trudeau, an unmatched debater, could pick apart. One exception: a highly popular plan for partial tax deductions for home mortgage interest payments and local property taxes. Clark also advocated sharp tax cuts that would create a "stimulative deficit" substantially larger than the current $13 billion...
...Federal interest rate ceilings limit the payout on their passbook accounts to 5% in commercial banks and 5.25% in savings institutions, which is less than half the current rate of inflation-and much less than a higher-roller gets for investing $ 1,000 or more in a money market mutual fund. The small saver's squeeze is summed up in a Citibank anti-ceiling advertisement: "Deposit $500 with us today and we'll give you back $475 next year...