Word: loaning
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Basically, the student loan program used to be rather inefficient. The federal government would guarantee student loans made by banks, who enjoyed a generous subsidy and often ignored defaults because they were insured by Uncle Sam. Also, this system generated a great amount of paperwork for colleges and students...
After the hangings, the World Bank canceled a $100 million loan to Nigeria. Supporters of Saro-Wiwa are calling for a boycott of Nigerian oil, half of which is exported to the United States. Harvard should join the rest of the world in giving Nigeria's military leaders a clear financial incentive to respect human rights...
Ptashne says he even tried to convince then-president Derek C. Bok to have the University loan him money to purchase an early Stradivari violin, widely regarded as the best instruments in the world...
...approve the loan, but undaunted, Ptashne says he sold shares in the violin to friends, which put him "way into debt...
Treasury Secretary Richard Rubin, who is scrambling for ways to avoid a default on the federal debt, announced a series of moves to enable the government to make $102 billion in loan payments when they come due Wednesday and Thursday. The Treasury will auction securities to raise the money and borrow most of the rest from two government retirement funds. Borrowing allows President Clinton in effect to temporarily raise the debt ceiling while vetoing a GOP bill loaded with politically unpalatable amendments. But the strategy has a price: "They have to pay back the money they borrowed plus the interest...