Word: loaning
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...billion of which will be outstanding by the end of this week. Bank of America had been handling about 30% of the IOUs since California began issuing them on July 1. Said a spokeswoman for the California Bankers Association: "We have no idea how long we are expected to loan the state of California money...
...freezing construction of 6,500 planned units (10,000 housing units already under construction will be completed). Baker said that Israel was embarked on a program of "severe and substantial curtailments," greatly improving the chance that Washington will now grant at least part of the $10 billion in loan guarantees Israel has requested to help resettle Russian Jews. The U.S. had pointedly withheld that aid from Rabin's predecessor, Yitzhak Shamir, whose government in the past two years built or began construction on 15,000 housing units...
...Washington, they were reviled for encouraging anti-Semitism and were called anti-Semites themselves. They took the heat and prevailed. Today Israel's new government is scaling back the West Bank settlements, the peace negotiations may finally yield autonomy for the Palestinians Jerusalem rules, and the $10 billion in loan guarantees to help resettle Soviet Jews will probably be approved when Prime Minister Yitzhak Rabin meets with Bush in mid-August...
...this, the Administration deserves considerable credit. "Shamir was the roadblock, and the loan guarantees were Bush's stick," says Ze'ev Chafets, an Israeli journalist who served as Menachem Begin's spokesman. "Had Bush caved in to American Jewish pressures, Shamir would have been strengthened immeasurably. He would probably still be in power, and we'd still be stalemated...
...depends on whether the peace process is perceived as actually moving," says Rabbi Daniel Syme of the Union of American Hebrew Congregations. "In Bush's favor is the fact that for the first time, speedy progress is in everyone's interest. Israel's economy desperately needs the loan guarantees, so Rabin will do what he must to get them. The Arabs, as the saying goes, have never missed an opportunity to miss an opportunity, but they clearly want to help Bush too." That's right, says a Saudi Cabinet minister who was present when Baker met with King Fahd last...