Word: loans
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Interest Rates. Higher demand for loans and Federal Reserve Board efforts to prevent inflationary growth of the U.S. money supply are pushing up lending charges. The bank "prime" rate on business loans has jumped from 6¼% at the start of 1977 to 8% now; some Wall Streeters predict it will reach 8¾% or even 9% by year's end. The rise makes it more expensive for consumers and businesses to buy or build with borrowed cash. It could put an end to the housing boom by causing savers to pull their money out of savings banks and savings and loan...
Result: the 36-month car loan is on the way out, with as many as 40% of buyers opting for 42-and 48-month loans. But prices are such that payments are still high. Laments a Detroit ad salesman: "I used to pay $131, and now it's $186 a month. That's a helluva jump...
...that's what he became--a clerk in the Osborne Lumber Company, jeered at there by his boss Eddie Osborne because he blushed at the racy calendars Osborne hung on the wall of the office they both shared. Thirty years later, when Osborne came to him for a loan that would enable him to move into the expanding natural gas industry of the Kanawha Valley, with the promise of a full partnership, Laskey Bell set a further condition--he wanted Osborne's daughter's hand in marriage as part of the deal, which Osborne gave, laughing that his clerk would...
Today, the bank loan is paid off, the co-op owns its own machinery and the workers are looking this year for an income between $9,000 and $11,000 a family...
...style. Her first big test comes this very week with Massenet's Thaïs at the Metropolitan Opera. It is a high lyric role ("Manon with no clothes on," says Sills), and its range is brutal: from below middle C to high D. The show is a loan of the same production Sills scored a success in last season at the San Francisco Opera. Next December she will appear in her last new Met production, Donizetti's Don Pasquale. Two composers are writing operas for her, which are due to be introduced in the spring...