Word: lent
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Dates: during 1970-1979
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...Washington that the country continues to be plagued by endemic political instability, terrorist violence and serious economic problems. In no small measure, Turkey's fruitless search for stability can be traced to lurching shifts in leadership that involve the country's two top politicians, Bülent Ecevit, head of the Republican People's Party, and Suleyman Demirel, leader of the Justice Party. Last week, in a routine that has now become alarmingly familiar, Premier Ecevit's government was forced to step down after losing its majority in a by-election for five seats...
...raising the discount rate a full percentage point from 5% to 6%. The nation's banks in 1929 had built up a pyramid of foreign debt. National City Bank judged that Peru had a "bad debt record, adverse moral and political risk, bad internal debt situation"-and then lent the country $90 million that was soon defaulted. Wall Street banks today have $48.7 billion in loans outstanding to Peru and other oil-poor developing countries. Consumers in the '20s had just discovered the installment plan and were plunging into debt to buy radios, refrigerators and that new Model...
...Rohan suis"- "King I cannot be, to be prince I disdain. I am Rohan." This sublimely arrogant ancien régime motto suggests Bruce's transactions with the artists he knew in Paris. The main influences on him were Cézanne and, above all, Matisse (Bruce once lent Picasso money, but refused to take his art seriously: it was too showy and volatile for him.) His homages to Matisse never ended. Matisse's insistence on achieving structure through local color contrast lies behind Bruce's post-cubist compositions of 1916, in which he tried, not altogether...
Some of the most effective anti-Catholics have been writers who were raised in the Catholic Church and left it, sometimes paroxysms of guilt. James Joyce's splendidly horrific descriptions of a Catholic boyhood in Portrait of the Artist as a Young Man lent a certain romance to apostasy. In his novels Principato and Farragan 's Retreat, Tom McHale displayed a minor genius for the atmospherics of oppressive ethnic Catholicism. Among certain intellectuals, it is faintly disreputable to be a believing, practicing Catholic; a Catholic becomes spiritually interesting only in his repudiation of the faith...
...idiosyncratic nature of a policy founded on this illusion that needed to be overcome. Emotional slogans, unleavened by a concept of the national interest, had caused us to oscillate between excesses of isolation and overextension. The new "morality" was supposed to extricate us from excessive commitments. But moral claims lent themselves as easily to crusades as to abstinence; they had involved us in the distant enterprises to begin with. What the intellectuals' loathing of Nixon kept them from understanding was that we agreed with their professed desire to relate ends to means and commitments to capacities. We parted company...