Word: lende
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...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...
...record-and painful-8¾% to borrow from banks.* Some banks will raise that "prime" rate further to 9% this week; it could go higher still, perhaps to 9½% in the fall. The banks in turn had to pay as much as 10.3% to get money to lend; that was the highest rate offered last week to depositors who would buy $100,000 certificates of deposit (CDs). While borrowers and lenders alike groaned, savers rejoiced in the highest yields ever offered on even modest accumulations of money...
...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...
...back of the book indicated that Berryman had planned two more sections. Of what is written, Alan Severance remains the key figure. Other characters are roughly sketched. A series of epiphanies of the more dramatic moments on the ward, of the personal breakthroughs and all too frequent relapses, lend a sense of the real powerlessness of the alcoholic...