Word: lende
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Dates: during 1980-1989
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With few large bridges or population centers, Kunar does not lend itself to mechanized warfare. But the fact has not deterred the Soviet juggernaut. Few towns lying near the sinuous Kunar River have escaped. Chenar and Dangam, first bombed by MiGs, were later also hit by rocket-firing helicopters. The exodus of 6,000 refugees from Kunar into Pakistan has left the area between the border and the river eerily quiet. But the hills have not been abandoned. No mountain is without its militia. After escorting their women into Pakistan, most men return, climb a few thousand feet higher...
...drama and preachy social commentary. They get support for this precarious balancing act from Luiza Gonsalves, whose performance as Julia would, by itself, make this Black C.A.S.T.-Black Star Theatre production worth seeing. The subtle expressiveness of her Chaplinesque face and the easy grace of her gestures and movements lend her performance a naturalness that never fades though she remains on stage nearly every minute of the play. In Krieger and Thurston's most clumsily staged scene--a confrontation between Julia and Herman's mother that climaxes in a screaming match of racial slurs--Gonsalves delivers some of her most...
...high interest rates and local usury laws. In New York, for example, the maximum interest on credit-card purchases is 18% on an annual basis for the first $500 and 12% on everything above that. But banks are now paying as much as 19% to borrow the money they lend. Citibank, the nation's second largest financial institution, has threatened to incorporate all its Visa and MasterCard business in South Dakota, where bank cards may charge as much as 24%, unless New York raises the level of interest that can be charged. Chicago's First National Bank...
...borrowing from the Fed two weeks in a row, or more than four weeks in any quarter, will thus be charged 16%. If banks want to go ahead and borrow anyway, the move would tend to raise still higher the interest rates that they in turn charge when they lend the money to customers. Federal Reserve officials hope that banks will instead reduce both their borrowing from the Reserve and their own lending. Cutting down on loans to member banks would help the Federal Reserve to lower the growth of money supply, a policy it has long pursued but found...
Housing starts in January fell 18% below a year earlier, to an annual rate of 1.4 million, and they appear headed much lower. Buyers cannot afford mortgage interest rates that top 16% in some areas oi the country, and savings and loan associations are running out of money to lend. In the Chicago area, new home sales in February tumbled 30% below the 1979 level. Contractors are laying off so many workers that 60% of the area's construction labor force may be unemployed in two to three months. In Houston, starts are down 50%, and John Pace, president...