Word: lend
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Dates: during 1970-1979
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...resurrection of ROTC would be remarkable if only for the strength it would lend such anti-democratic forces. ROTC has no place at any free, socially conscious University. But at Harvard, Bok's judgment of the Faculty and his analysis of the University's conscience represent a particularly grave insult...
...Bankers complain that in today's market, this is so unprofitable that it discourages them from making loans to finance the buying of houses. "If bankers are paying out 10½% to 11% to get short-term money, and the prime rate is 9¼%, then they cannot lend at 8%," says Robert Greenberg, of the state real estate board in New York...
...prime is potentially profitable for some businessmen. Other interest rates have shot up even higher, including those that the bankers themselves must pay to attract deposits. As a result, last week a big corporation could borrow from the bank at the 9½% prime, then lend the same dollars right back to the same bank at a profit by buying a 90-day certificate of deposit (CD) yielding as much as 11%. Because heavy loan demand has been draining out their money, banks must pay these rates in order to attract funds...
...criticized King's break from the male-dominated U.S.L.T.A. The cash, however, is nonideological. So far this year, Evert has won $70,050. With endorsement mon ey from Puritan and Wilson Sporting Goods, she figures to earn around $150,000. Most of the offers to lend her name to everything from leg lotion and deodorants to toothpaste and soap pow der have been turned down. Explains Jimmy Evert: "It takes time to do these things. When Chrissie's not playing ten nis, I'd rather she not be doing things that will tire her out. This...
...Chairman Arthur Burns abandoned his attempts to hold rates down by jawboning. The board then became worried that depositors would pull their funds out of banks and S and Ls in order to buy higher-yielding Treasury bills or commercial paper, leaving the savings institutions with no money to lend at any price. The interest rate on 13-week Treasury bills has more than doubled in one year, to a record 8.32%. So the board decided to let banks pay whatever they had to in order to attract funds...