Word: lending
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Dates: during 1970-1979
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Sniffs one Washington banker: "Nobody would lend me $35 under those conditions." The deal intensified suspicions that the takeover attempt on Financial General by Lance's associates was more than a normal investment by shrewd foreigners, and that they were willing to pay heavily for Lance's influence. "They wanted an important stake across the street from the White House," says one Washington banking executive, adding: "Some people might think it is important to know about the outstanding loans and balances of Government officials...
...concluded a deal that was revealed early last week. West Germany will lend the U.S. an additional $2 billion worth of deutsche marks that Washington can use to buy up surplus dollars on the exchange markets. That doubles the Treasury's line of credit at the West German central bank in Frankfurt. In addition, the U.S. may sell $740 million worth of IMF Special Drawing Rights ("paper gold") to the Germans for deutsche marks, and it proposes to borrow as much as $5 billion of foreign currencies from the IMF. That $5 billion credit already existed. Hence...
...Senate report identifies Citibank as one of eleven U.S. banks that have made most of the $2.2 billion in U.S. loans now outstanding to South Africa. Citibank did not trumpet its decision; it broke the news in a proxy statement to shareholders, quietly adding that it is continuing to lend "selectively, to constructive private sector activities that create jobs and which benefit all South Africans." It did not say what guidelines it would follow to make sure its loans achieved a multiracial purpose. Nonetheless, activist groups that have been pushing U.S. companies to get out of South Africa were happy...
Wilson, a strong supporter of the core, expressed confidence that the Faculty would vote to adopt the core. The ambiguous poll results, however lend encouragement to both sides in the debate...
...Humboldt or Verrazanno or Sun Yatsen? Well, Morgan explains, he threw away his first name, Sanche-a contraction of St. Charles -and scrambled the letters of De Gramont. Among the anagrams that resulted were Dr. Montage, R.D. Megaton and Ted Morgan. Morgan, he felt, was someone you would lend your car to. Dogs and small children would like...