Word: loan
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Dates: during 1970-1979
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President Carter has proposed an alternative--a program which would supplement existing federal financial aid programs for college students. The President's program includes increases in Basic Educational Opportunity Grants (BEOG), Supplementary Educational Opportunity Grants (SEOG), Work-Study programs and the Guaranteed Student Loan program...
...work which represents them in this show is, however, another story. Jackson Pollock is a case in point. The Fogg owns a very good example of Pollock's mature or "drip" work (1947-53), but it is not on exhibit here because it's now in Washington D.C.--on loan to the National Gallery...
...past, housing collapsed when interest rates rose, because mortgage lenders ran out of cash. Depositors would take their money out of savings and loan associations, which are limited by law as to how much interest they can pay, and put it into Treasury bills and other higher-yielding paper. But lately mortgage lenders have developed new financial gimmicks that enable them to compete for funds, even when money gets tight. One innovation: high-interest certificates of deposit (CDs), with a yield that is one-quarter of a point above the Treasury bill rate at the time of purchase. In July...
...more competitive in world markets, and of policy directives intended to alleviate Government obstacles to trade. On the practical side, the President ordered a modest expansion of the federal machinery that helps American businessmen sell their goods abroad. For example, the Export-Import Bank, which provides low-cost loans to foreign buyers of American goods, will be given more generous financing. Also, the Small Business Administration has been authorized to advance as much as $100 million in loan guarantees to little firms that engage in exports...
Alperovitz's scenario in the feasibility study removes corporate clutches altogether. With federal loan guarantees similar to New York City's and with several million dollars of federal seed money, the Youngstown workers and community could buy, re-open, and gradually modernize the plant. The government's other choice is to pay the estimated $75 million in unemployment and increased welfare benefits over the next three years in Youngstown alone. Alperovitz puts it this way: A corporation would never be satisfied with a 3 per cent return because it could make 8 or 10 per cent elsewhere. But owners from...