Word: lent
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Dates: during 1970-1979
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...Hays in a drive for power is California's equally ambitious and canny Phillip Burton, 48, the newly elected chairman of the Democratic caucus. While each keeps a wary eye on the other, both are maneuvering to succeed Carl Albert as Speaker of the House. Albert last week lent new urgency to this jockeying by refusing to confirm-or deny-a public report that he intends to retire when his current term ends. Blocking the path of both Hays and Burton, however, is Massachusetts' Thomas ("Tip") O'Neill, the House majority leader. O'Neill...
...accord in the first place: Leonid Brezhnev. Top government officials in Washington and in European capitals continued to dismiss rumors of an impending Kremlin shake-up as fanciful. But persistent reports of the 68-year-old Brezhnev's ill health, coupled with the defeat of his trade policy, lent a bit more credence to conjectures that he may be ousted. And Sovietologists noted that even though Brezhnev was seen riding in his Zil limousine in Moscow last week, he did not receive Gough...
...best to recycle the oil producers' surplus cash to countries needing emergency help in paying fuel bills (TIME, Jan. 20). The Europeans had been arguing for lending through an International Monetary Fund "facility" bankrolled directly by OPEC nations. The money would be borrowed at market rates and re-lent-on the guarantee of IMF members-more or less automatically to consuming countries according to the size of their oil-related deficits. The U.S. objected to the idea of a special IMF unit that would make loans without scrutinizing a borrower's overall economic housekeeping. It favored a financial...
...Witteveen Plan, named for Johannes Witteveen, head of the International Monetary Fund, created an "oil facility" at the IMF that accepts deposits (currently $3.6 billion) from oil producers, and has lent some $1.9 billion of it to 32 nations at a bargain interest rate of 7%. It is the only formal recycling scheme so far in operation...
Money has changed their life-styles only mildly. Bernstein bought a cooperative apartment in a decayed Northwest Washington neighborhood, lent a friend money for a down payment on a house, and bought a closetful of expensive clothes ("which he wears badly," sighs one acquaintance). Bernstein still does not own a car, and he crashed in a rented auto two months ago. He broke two ribs, contracted a mild case of pleurisy and put on a quick 15 Ibs. because of enforced inaction while recuperating. Friends describe him as inhibited by his Watergate-related publicity and irritated at no longer being...