Word: lend
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Dates: during 1970-1979
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...international bankers find this money eminently spendable. If Exxon earns $100 million on sales in Europe and deposits it in a U.S. bank's Lon don branch, the money becomes Eurodollars, and the bank can lend it to some other company to build a plant in Turin or Trenton. Because the dol lars are outside the U.S., the bank is free from Federal Reserve rules that require it to keep as much as 16.25% of its U.S. demand deposits frozen rather than loaned out. Since this free dom lowers the bank's costs, it can pay perhaps...
...says Horner, Harvard is a major research institution, a "very different ballgame" from Radcliffe, which "commands enormous respect for the quality of its students and the courage it has had." The contrast, as one Capitol Hill staffer says, is in the aura; "When Harvard talks, people are inclined to lend a friendly ear," he says. Wolanin differs somewhat in his assessment. "What makes the difference between two institutions is what they say," he insists, adding, "Some of the best ideas come from unprestigious and unknown universities...
Although some U.S. banks lend to corporations that benefit blacks in South Africa, the Sullivan Committee believes loans to the government or its agencies support a system that is against the interests of blacks, Parnell said...
George W. Siguler, assistant treasurer, said yesterday Harvard does not hold investments in banks that lend to the government of South Africa, in accordance with a policy laid down by the University in the spring...
...trip. But, as an activist on the women's issue noted, "we had hoped for a miracle -that he wouldn't say anything." The Pope chose to delve into these controversies, in part, because he was under heavy pressure from the majority of American bishops to lend his popularity and publicity to their attempt to back unpopular church teachings...