Word: lents
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Dates: during 1980-1989
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...fact that twice in the past two decades, in 1960 and again in 1971, the armed forces had taken over the country. "This is a serious situation," admitted conservative Premier Suleyman Demirel, who has been in office only since Nov. 19. Said left-of-center Opposition Leader Bülent Ecevit, Demirel's predecessor as Premier: "The crisis has assumed a new dimension...
...OPEC meeting, yet that irritation was outweighed by the fact that the Shah was staunchly anti-Communist and a valuable balance wheel in Middle East politics. Eager to build up Iran as a "regional influential" that could act as America's surrogate policeman of the Persian Gulf, the U.S. lent the Shah its all-out support. President Richard Nixon and Secretary of State Henry Kissinger allowed him to buy all the modern weapons he wanted. Washington also gave its blessing to a flood of American business investment in Iran and dispatched an army of technocrats there...
...chief line of defense against inflation remains the nation's central bank, the Federal Reserve. It controls the money supply by manipulating key interest rates and telling private institutions belonging to the Federal Reserve System how much of the cash they have on deposit must not be lent out. Alas, this line is slowly crumbling. While 5,450 banks remain in the system, in the past 4½ years some 300 have left it. Most have been small banks, but there have been some big defectors too, among them Pennsylvania's National Central Bank, which has deposits...
...townspeople of Romans resented the same fiscal injustice, but theirs was a more complicated grievance. Taxes went into the pockets of corrupt administrators and stayed there. Instead of paying their bills, these unscrupulous city fathers ran up an enormous municipal debt, then lent the city the money they had embezzled -at considerable interest...