Word: lended
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Dates: during 1970-1979
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Commercial paper is simply a written promise to pay issued by a company that wants to borrow money for a short period (usually 90 days, never longer than nine months) and generally bought by another corporation that has some spare cash to lend. The issuer need not register with the Securities and Exchange Commission, give the buyer a prospectus or back the promise with collateral. His word is his bond...
...this by sowing doubts and suspicions. They hope then to attract sufficient support to be able to enforce demands on those whom they malign and designate as the enemy, using the old means of distortion, accusation, guilt imputed by association, and so on. And they thrive as people lend them credence...
...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...
...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...