Word: loan
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Dates: during 1970-1979
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...interest rates. Last week the Federal Reserve Board acted to push the "Fed funds" rate at which banks lend to one another to nearly 9%, a level that Economist Okun believes-almost guarantees recession by making borrowing more expensive. Nor is there much hope that the rises in loan charges will stop. The Federal Reserve has been jacking up interest rates largely in order to contain an inflationary increase in the U.S. money supply, but so far it has failed. Money supply during the past month has shot up at an annual rate of about 12%, nearly double the board...
Kennedy, in his capacity as chairman of the Senate subcommittee on education, arts, and humanities, took testimony at Boston University on the Tuition Advance Fund (TAF) bill, which he is co-sponsoring. The plan calls for federal student loans up to $15,000 for undergraduate education; after graduation, participants would repay 150 per cent of the loan through a salary withholding plan at an annual rate of 2 per cent through their working careers...
Earlier this year Congress approved a $12 million loan and the State Department sent $25,700 in military grants and $400,000 in grants for training the military and police. In June, President Carter sent Somoza a letter commending his human rights record...
Housing begins to slide In California, where the rise in housing prices has been stratospheric, couples have long been willing to sell their souls to the savings and loan - and rent out mother-in-law for window cleaning - in order to realize their dry-wall dreams. But now there are definite signs of slowdown in that willingness to shell out small for tunes for not-so-special homes...
Southern California single-family building permits in August dropped by nearly half, from 7,941 to 3,754, compared with the same month of last year. San Bernardino County, in the Los Angeles suburbs, reports its first housing oversupply since 1973-74, and the Federal Home Loan Bank of San Francisco says it is experiencing the largest decline in mortgage lending in 2½ years...