Word: lende
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Dates: during 1980-1989
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...arrive at such a sorry state? Traditionally, running a thrift was a relatively tranquil business. S & L managers used to follow what was known as the 3-6-3 rule: pay depositors 3%, lend money at 6% and tee up at the golf course by 3 p.m. When interest rates remained stable, the strategy worked well. But by the late 1970s, thrifts began steadily losing depositors to the new money-market funds, which were not covered by deposit insurance and paid higher interest rates...
Gladys P. Gifford, president of the Harvard Square Defense Fund, said she attributed the store's demise to its location in Holyoke Center's arcade, which does not lend itself easily to "walk-through" business...
...does lend perspective, especially to a son of Connemara. "There's always a hunger, when you're young, to go from peak to peak and avoid the valleys. I had a pretty hilariously gloomy few years in the '70s. But today I'm quite at home wandering those valleys and occasionally climbing a peak." So does he regret anything? "No." An actor's delicious pause. "Well, sure. I'm not a French singer...
...bankrupt Penn Central Railroad to sell him for $10 million the dilapidated Commodore Hotel adjoining Grand Central Station. It was typical of the kind of deal that Trump now calls "my favorite art form." An unknown and unwealthy hustler of 30, he had to persuade some bankers to lend him $80 million (he did) and some politicians to give him a $120 million tax abatement (he did). It did not hurt that Fred Trump was a regular contributor to the Brooklyn Democratic machine, or that Governor Hugh Carey and Mayor Abe Beame both happened to be Brooklyn Democrats, or that...
...shortages seem to lend themselves to quick solutions. When sugar suddenly grew scarce 18 months ago, most consumers blamed Gorbachev's antialcoholism drive, which diverted substantial quantities of the commodity into home brewing. Authorities have somewhat relaxed their original strictures on liquor production, but sugar is still rationed in 67 of the Russian Republic's 86 administrative districts. Other goods that are frequently hard to find: good cheese, coffee, chocolate, fresh fruit and bath towels. "Fruit and vegetables have always been scarce in the Russian winter," said a gray- haired man shopping on Moscow's Kutuzovsky Prospekt...