Word: lent
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...setting exclusively for the young Nabokov, "lent an ember to my bicycle bell." Ben, Dan, Sam and Ned, the "wan-faced, big-limbed, silent nitwits" encountered in the English grammars that he mastered before Russian, "now drift with a slow-motioned slouch across the remotest backdrop of my memory." On the Nord-Express, "I saw a city, with its toylike trams, linden trees and brick walls, enter the compartment, hobnob with the mirrors, and fill to the brim the windows on the corridor side." A telephone number rises from the welter of years: "What would happen...
Moreover, many banks had lent long but had borrowed short - a classic formula for financial woe. Altogether $18.6 billion of their $194.4 billion total deposits were in the form of short-term certificates of deposit, and many holders of "C.D.s" were cashing them in to draw fatter interest elsewhere. The dismal prospect was that deposits would continue to decline, while in mid-September the banks would be hit by corporations for more loans to finance quarterly tax payments. If the banks turned them down, the corporations would start a run on their deposits...
Relying mostly on character instead of credit to judge who should get its largesse, the SBA in 22 months has lent $25,281,230 to 2,475 borrowers in 44 communities. Though defaults have come to 3.4% of that total as compared with a mere 0.2% in commercial bank lending, the agency calls itself "pleasantly surprised" that the record is not worse. Even so, some critics complain that the SBA has taken some mighty peculiar risks. A service station folded because the owner wasn't around enough to keep track of the operation. A small manufacturer of plastics...
...Blue Friday for the U.S. fishing industry. As of last week, some 46 million Catholics were no longer required to observe meatless Fridays except during Lent, and the industry lost its "captive consumers...
...small, but effective coalition had three factions. There was the so-called Richmond Establishment in the state capital. Here the bankers and the editorial pages of the Richmond newspapers lent powerful support to the Byrds. The Machine, in return for keeping corporate taxes and public welfare spending very low, received staunch backing from business and industry. The Organization was also able to pile up phenomenal margins in rural Southside Virginia by maintaining a gentlemanly but firm stance against integration. Southside, along the North Carolina border, is a lot like Alabama's Black belt...