Word: lend
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Dates: during 1960-1969
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...ambitious program, and Johnson made clear that the U.S. will do what it can to lend both aid and encouragement. He hopes to boost Alliance for Progress funds, which now amount to about $1.2 billion a year, by another $300 million annually for the next five years-but he made no major commitments at the conference. In fact, he extended only five offers: a pledge to finance a Latin American satellite-communications system, a promise to try to persuade the industrialized countries to grant trade concessions to less developed countries, a commitment to try to "untie" some U.S. aid funds...
...feud began three weeks ago when Rose refused to lend his name to a protest sponsored by Governor Lurleen Wallace condemning a federal court order that Alabama desegregate all its public schools. But what really fired up the legislators was a student publication called Emphasis '67-Revolutions that included articles by Negro Militant Stokely Carmichael on 'Power and Racism," and by Communist Bettina Aptheker on the U.S. in Viet Nam. The pamphlet provided background for a student-sponsored symposium last month on world problems at which Dean Rusk was a main speaker...
...autobiographical fragment, Chiaroscuro, or as bogus as in Aldous Huxley's satirical portrait of him as "John Bidlake" in Point Counter Point. Nicolette writes well, with a painter's eye for places and faces and a feminine instinct for character. These qualities plus Irish wit lend a novelistic point to her portraits of some great period figures...
Modest Nest Egg. The new company, Home Capital Funds, Inc., will lend 15% of the price of a home, and such traditional mortgage sources as Metropolitan Life Insurance Co. and Minneapolis-based Investors Diversified Services will pick up another 75% to create a 90% loan. The arrangement is called "piggyback" financing because it avoids risky second mortgages, involves a single joint loan on each house. Brewer calls it "a virtual partnership" between lenders and manufacturers "to assure a continuous flow of money to buyers at rates and down payments they can afford...
...unlendable reserves. The change applies only to the first $5,000,000 of a bank's total time deposits; anything over that remains under the stiff 6% reserve requirement imposed during last summer's credit squeeze. This partial easing will free an additional $850 million for lending, mostly in 5,945 rural and small-city banks. Bankers can already lend about $7 for every $1 they have in reserves, and this "multiplier effect" will therefore allow the newly liberated $850 million to ripple through the economy as a $6 billion credit stimulus...