Word: levels
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Dates: during 1960-1969
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...months in 1929, was a rush by commercial banks to lift their minimum lending rate from 6% to a record 61% annual interest. That "prime rate," as bankers call it, applies to borrowing by their bluest-chip corporate customers. Other interest rates throughout the economy scale upward from that level. Bankers predicted that loans will now grow costly enough to crimp small businessmen, capital-goods industries and local government construction projects. Worst hit, as usual, will be new housing, which is uniquely sensitive to a downturn when rates jump-as mortgage lenders agreed they surely will. A more immediate reaction...
...Leveling the Peaks. A 30-year-old New Deal creation, the association today is a partly private, partly Government-owned corporation with $2.4 billion to invest this year in FHA and VA mortgages, the only kind in which it deals. Better known by its nickname, Fannie Mae, the association's chief purpose is to help level off the costly peaks and valleys in U.S. housebuilding volume. It does so by buying mortgages in large quantity when home loans are scarce, selling part of its $9.6 billion portfolio when funds are plentiful. Fannie Mae deals only with such approved lenders...
Beneath the bitchy, lancing wit of the verbal byplay, Playwright Mart Crowley keeps a dead-level eye on the desolating aspects of homosexual life. He records the loveless, brief encounters, the guilt-ridden, blackout reliance on alcohol, the endless courtship rat race of the gay bars with its inevitable quota of rejection, humiliation and loneliness. Crowley underscores the fact that while the homosexual may pose as a bacchanal of nonconformist pagan delights, he frequently drinks a hemlock-bitter cup of despair...
...notes, are transmitted over a very wide range of frequencies-an "enormously wasteful" procedure not to be expected of superintelligent beings. And if the signals from pulsar 1 are being transmitted in all directions from a distance of a few hundred light-years away from earth, the power level of the transmitting source must be about ten billion times greater than the entire electrical generating capacity of our civilization-"too high," Drake says, "to be plausible...
...strike was originally aimed against the war and racism. In light of recent events Afro is placing greater emphasis on racism. Today's rally and strike will be directed toward the manifestations of racism on the university level," Miss Lynn said...