Word: lend
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Dates: during 1950-1959
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I.D.A. loans would be made in various local currencies. For example, should India wish to borrow $100 million for an irrigation project, the I.D.A. could lend pesetas to buy Spanish concrete, guilders to pay a Dutch engineering firm, and rupees to pay the local labor. The loan would be repaid (at two per cent over forty years) in Indian rupees; an additional virtue of this system is that the Indian currency with which India repays the loan will later be used to purchase Indian products...
...actress strolled into a CBS television studio in Manhattan last week, eyed a motley crew of amateur technicians assembled for rehearsal of her daytime serial. "Which one of you," she asked facetiously, "is Mr. Paley?" CBS's Board Chairman William S. Paley was not there to lend a hand with the show, but he might have been. In eight cities across the U.S. where CBS owns TV and radio stations, some 1,300 members of the A.F.L.-C.I.O. International Brotherhood of Electrical Workers had walked out, abandoning cameras, microphone booms, control panels and projectors. Quipped a studio...
...Pakistanis it was bad enough that Britain's Prime Minister Harold Macmillan and U.S. Ambassador to the United Nations Henry Cabot Lodge had toured India and returned to their countries saying kind words about India's problems. But when the U.S. announced last month that it would lend India a whopping $225 million for its second five-year development program, Pakistan's Prime Minister Malik Firoz Khan Noon erupted...
...many other areas, money is still so tight that bankers see no reason to cut interest rates and thus reduce their profits. Denver's bankers, who normally lend out only 30% to 35% of their deposits, are running at 55% of deposits, are only able to take care of their best customers. Dallas banks have more borrowers than there is money to lend. Says President Benjamin Wooten of Dallas' First National Bank: "We're not going to drop our prime rate. Supply and demand should be the governing factors in the cost of money...
...Security & Realty Corp.; invested in Chrysler in the '205, was soon a member of the board of directors of the Bank of Manhattan, Continental Oil Co. and more than a dozen other large industrial and financial corporations. Wartime ("dollar-a-year") special assistant to the administrator of the lend-lease program, later director of its British Empire branch, prominent Roman Catholic Layman Griffin was longtime (1947-57) president of the English-Speaking Union and co-chairman of the American Fund...