Word: lende
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...states struggle with budget shortfalls, their attention is sure to remain focused on what help the Federal Government might lend. When the governors met with Obama, they pressed him to pump money into state economies - including funding projects to build schools, bridges and other sorts of public works - and found a receptive ear. "To solve this crisis and to ease the burden on our states, we're going to need action and we're going to need action swiftly," Obama said in a speech at the meeting. "This Administration does not intend to delay in getting you the help that...
...Birmingham, Ala., on New Year's Eve, 1930, and raised in Los Angeles, Odetta Holmes had a big voice early on; she was schooled in opera from the age of 13. Appearing in a tour of the musical Finian's Rainbow in her late teens, she started to lend her classical and musical-stage training to the folk repertoire around 1950. Like Harry Belafonte, Leon Bibb and Makeba, Odetta played the swanker nightclubs before the big (mostly white) folk-music surge kicked in later in the decade. Odetta Sings Ballads and Blues, the 1956 Tradition LP with definitively scalding interpretations...
...India's citizens may lessen as Mumbai picks itself up after "26/11." But with the affluent classes riled and focused on the country's problems, maverick politicians like Deora and others in civil society hope for a reinvigoration of Indian politics. "If the informed and educated don't lend a voice of unity and strength now," says Deora, "who will?" Farzeen Barucha, a 21-year-old Mumbaikar, agrees. "Some people may think there's not much value in me standing here," he says. "But this is the start of something - at least it's better than sitting at home...
...tens of millions of dollars will disappear into China's bridges to nowhere - or into the pockets of corrupt local officials. Still, if any government can drive change by diktat, it's the Chinese Communist Party. Doomsayer Roubini writes: "The government cannot force corporations to spend or banks to lend." In fact, Beijing can do exactly that - and is doing so now. "On the outside, China's banks do look a lot more like normal Western commercial banks," says an investment-bank analyst with a decade of experience in China. "But every single senior officer right down to the manager...
...apartment right now because we're going to make sure that prices drop like a stone,'" says the investment-bank analyst. "Chinese people stopped buying. Now the government is telling them, 'It would be a great time to buy, and the banks will be happy to lend to you.' Of course people will start buying again...