Word: lende
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...Foreign commercial banks can lend dollars back to the U.S. Last year U.S. banks borrowed a startling $9 billion of Eurodollars. That gave the banks more money to lend in America, and eased the sting of the Federal Reserve's tight-money policy. But the U.S.'s borrowing drove Eurodollar interest rates as high as 12%, and the rise helped to pull up all other European interest rates. > Foreign central banks can buy up unwanted dollars and hold them in official reserves. In West Germany, the Bundesbank last week bought $500 million that flooded in-mostly from speculators...
Which leaves Steven Kelman's Push Comes To Shove: The Escalation of Student Protest (Houghton Mifflin, $5.95, paper $2.95). (Does a colon in the title lend an air of legitimacy to an undergraduate's first published writings?) Despite, or perhaps because of, one of the nastiest reviews the CRIMSON has ever written. Shove is completely sold out at the Coop. President Pusey reportedly distributes copies to his friends. The book has been heralded across the country as at last printing the truth about the hypocrisy of student radicals. Though the core of Kelman's analysis of radical actions at Harvard...
...Cambodia. The Thais are extremely uneasy about the Communists who are seeking refuge in the Cardamom Mountains along their eastern border, and they are sending a 30-man delegation to Phnom-Penh this week to size up Cambodia's needs. Indonesia and South Korea may also lend a hand. As for the U.S., Administration spokesmen insist that Washington will stick to its pledge to avoid direct support of the Lon Nol regime. Still there were suspicions that the U.S. would provide air support beyond June...
...balance sheets of major corporations have steadily deteriorated. In 1961 they held enough cash and easily marketable Government securities to cover 38.4% of their bills; at the end of last year, the figure was down to 19.3%. Big banks can hardly lend any more. Partly because they eagerly shoveled out cash to almost all comers during the boom years, they now have a high, potentially dangerous 86% of their deposits committed in loans. Says Fred Stein, chief executive of a subsidiary of Standard & Poor's Corp.: "The money markets are in a full-fledged rout, and something...
Help! According to last week's rescue pact, King Resources would lend I.O.S. $20 million in cash for three years. John King also agreed to arrange for an additional $20 million line of credit, though the big question is where he would get that money. His spokesmen in Geneva said that The Bank of New York and Fidelity Corp., which is a holding company based in Richmond, were part of his group. Both firms denied any connection with King...