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Word: lende (lookup in dictionary) (lookup stats)
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...Gave his support, through G.O.P. congressional leaders, to a proposal to lend 1,000,000 tons of wheat to Pakistan...

Author: /time Magazine | Title: National Affairs: Down on the Farm | 6/8/1953 | See Source »

...Setting "reserve requirements," i.e., the proportion of cash reserves a bank is required to hold against its total deposits. The Fed can set reserves as low as 10%, on the average, which means banks can lend $10 for each $1 on deposit. Or it can hike them to 20%, on the average, which means that banks can lend only $5 for each $1 on deposit...

Author: /time Magazine | Title: THE TIGHT MONEY POLICY: Making the Dollar Worth More | 6/8/1953 | See Source »

...could absorb most of them. This "monetized" the debt, for banks did not pay for the bonds outright. They simply created a deposit for the Government to draw checks against it. Receivers of these checks deposited them in their own bank accounts. From these increased deposits, the banks could lend about $5 for each $1 received. Thus credit, and inflation, increased, and the dollar bought less and less...

Author: /time Magazine | Title: THE TIGHT MONEY POLICY: Making the Dollar Worth More | 6/8/1953 | See Source »

...Soviets are expanding their oil production most rapidly in the Arctic: "In the far north the Soviet air bases, the navy and the army are now independent of the rest of Russia for their oil and gasoline. Refinery equipment, which the U.S. shipped to Russia under lend-lease, is in operation . . . Production now may be as high as 3,500,000 bbls. per year. About 40% of Russia's oil comes from the Baku region in the Caucasus . . . [which, with] oil from the Ukraine and from the satellites, supplies the Red armies in the West...

Author: /time Magazine | Title: OIL: Russian Wildcatting | 6/8/1953 | See Source »

...happen if St. George (about 300 A.D.) were alive today: "St. George would arrive in Cappadocia accompanied, not by a horse, but by a secretariat. He would be armed, not by a lance, but by several flexible formulas . . . He would propose a conference with the dragon. He would then lend the dragon a lot of money. The maiden's release would be referred to Geneva or New York, the dragon reserving all rights meanwhile...

Author: /time Magazine | Title: GREAT BRITAIN: Sir Winston & the Dragons | 5/4/1953 | See Source »

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