Word: loans
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Dates: during 1950-1959
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...area members' plaintive citation of Russian aid to Syria and Egypt, Dulles promised that the U.S. Development Loan Fund would consider favorably any application for loans. Then, to the members' pleased surprise, Dulles promised that the U.S. would put up an additional $10 million to complete the telecommunications net linking the pact capitals, which was launched with $8,600,000 contributed by the U.S. last year...
...hoped to give the economy a lift by making it more attractive for businesses and consumers to borrow funds. Chase Manhattan Bank, second biggest in the U.S., quickly cut its prime loan rate from 4½% to 4%; on the West Coast, the Bank of America, the nation's biggest, did the same-as did hundreds of smaller banks everywhere. Yet many banks kept their rates unchanged simply because there is still a great difference of opinion on how tight credit actually...
...setting of this latest, bestseller-bound historical novel by Elizabeth Goudge (rhymes with Scrooge) is 17th century England. King Charles I has put John Hampden in prison for refusing a Forced Loan, thus setting many a British taxpayer ablaze with indignation. Now, battle is joined-King v. Parliament. And though Froniga is a gypsy on her mother's side, she is also a Parliamentarian on various other sides, while Yoben is a Royalist. Enter, inevitably, Oliver Cromwell, whom Novelist Goudge feels she knows intimately, including his conversation. "My lord, we must act at once!" cries "Old Noll" Cromwell...
...spur the upswing in residential building, the Federal Housing Administration last week eased credit for home buyers, second such move in two weeks. Most buyers will no longer have to put up cash for closing costs in buying a new house, but can tack them on the mortgage loan, thus lowering down payments. To attract more lenders, the agency increased allowable discounts (to a maximum 3%) on FHA-backed mortgages in 17 Western states, where mortgage money is tight...
SOVIET ECONOMIC offensive may cause U.S. to trim interest rates on foreign loans drawn from new $300 million Development Loan Fund (TIME, Sept. 30). Administration is considering reduction of its 3%-to-4% charges to match Reds' rates...