Word: lending
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...Washington, Secretary of State George Shultz continued to insist before Congress that the U.S. was willing to lend a hand in achieving a political solution in Lebanon. While Shultz spoke, the number of U.S. warships stationed off the shores of Beirut was dwindling from about 20 to twelve. In tacit recognition of their impotence, Shultz and various Congressmen traded barbs over the American policy failure in Lebanon, contributing heat but no light to that country's future...
...ancient column stubs were found, from both Roman and Byzantine times, Architects Peter Bugod and Esther Niv-Kren-del kept redesigning the prizewinning project to keep pace with the digging. The result is a stunning feat of urban design. Shops have opened in the ancient arcades. The great columns lend drama to the mall. Above this living museum are new houses. Nearly 2,000 years are linked by light that filters down from shafts in the town-house courts to the Roman pavement some 30 yds. below. The Cardo connects with the famous Arab market in the Muslim quarter...
Relations with South Africa could provide one of the sharpest areas of conflict between the House and Senate. The House bill would bar U.S. citizens and companies from making new investments in South Africa because of its apartheid policy and would forbid American banks to lend money to the Pretoria government. In addition, the House voted to require all American businesses in South Africa employing more than 20 people to desegregate their work places, recognize labor unions, and offer equal pay to blacks and whites who do the same work...
Chartered by the federal government in 1973 but operated as a private firm. Sallie Mae encourages banks and universities to make student loans by guaranteeing their security. Its most common tactic includes purchasing loans originally made to students from the banks themselves under the assumption that banks will lend more easily if a safety net exists to buffer the very risky and unprofitable market...
What the Washington, D.C. based company does is hardly remarkable in itself. Sallie Mae is a "secondary market" for student loans a bank for banks that lend to students. Like any other bank it makes profits by charging borrowers more than what it costs to lend to them all with the government's blessing...