Word: lending
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...Raise interest rates to make dollar investments more attractive. The Federal Reserve moved last week, letting the Fed funds rate (at which banks lend to one another) rise from 7⅞% to 8%, and increasing the discount rate (at which member banks borrow from the Fed) from 7¼% to 7¾%. The U.S. could also try to borrow back some of the tens of billions of dollars now held by nervous foreign investors by offering them Treasury bonds paying compellingly high interest. The danger: interest rates high enough to induce investors to give back dollars might also be high...
...unit set designed by John Wright Stevens is a curtained belvedere that does not lend itself well to the different locations called for in the play. Most of the Brandeis stage is unused, since the set is placed so far forward. The playing area is unduly shallow and so steeply raked that it must be difficult to move about on. The cast must, to use Macbeth's words, feel "cabin'd, cribb'd, confin'd." Perhaps the Lake Forest stage is unusually small; but if so, some adjustment ought to have been made here by pushing the set back...
...deposit in their bank accounts. The checks become new money, available to be loaned out. When the Fed sells Government securities, it withdraws money from circulation; the buyers pay with checks that disappear into Federal Reserve vaults, never more to be seen. The less money that banks have to lend, the higher interest rates will rise. The FOMC focuses on the Fed funds rate at which banks lend to each other, targeting its buying and selling to push up or pull down that rate to a desired level. The Fed funds rate influences all other interest rates...
Murrow's silliness on Person to Person is partially camouflaged by his formidable telegenic image: his omnipresent cigarette and theatrical voice lend dignity to everything he says. The words themselves, unfortunately, are banalities. In interviews with John and Jacqueline Kennedy, Marilyn Monroe, Agnes de Mille, Maria Callas, Sir Thomas Beecham, Humphrey Bogart and Lauren Bacall, he rarely extracts a witticism and never an insight. "Have you opened all your wedding gifts?" he asks the newlywed Kennedys in 1953. He then goes on to stock questions that permit the young Senator to rattle off his policy positions by rote. Murrow...
Most sheep chicers are recent escapees from the suburbs, who get their folk wisdom from Blair & Ketchum's Country Journal. But their money and enthusiasm, along with a certain craving for hand-spun yarn and naturally colored fleece, lend impetus to the recent renaissance in New Hampshire sheep raising...