Word: rates
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Dates: during 1930-1939
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...profit. To get an REA loan, farmers usually first organize a cooperative, convince REA field inspectors that they can afford to buy enough electricity to pay for the lines. Not grants in any sense, REA loans must under present policies be liquidated within 20 years. Interest runs at the rate the Government pays on its own long-term obligations, currently 2.77%. Both REA and Electric Home and Farm Authority finance the purchase of electrical appliances, making loans not to consumers but to dealers. Only four States-New Hampshire, Massachusetts, Vermont, Rhode Island-are without at least one REA project. Leading...
Farm Loan Interest. Only major veto of the session was placed by Franklin Roosevelt on a bill to extend for two years the "emergency" rate of 3½% on Federal Land Bank loans to farmers. Last week both Houses overrode the President...
...number and quality of great composers, the present is probably as rich as any period in history. In quantity of untutored, incompetent, fourth-rate composers, it is even richer. Because the public needs time to appreciate first-rate music and because even competent listeners cannot always, at first hearing, tell a crackpot musician from a genius, the work of contemporary highbrow composers is unpopular. The public prefers familiar music of guaranteed workmanship...
Scientists are now generally agreed that the earth rotates on its axis, and the speed of rotation has been accurately measured. Nevertheless, Sister Mary's pendulum will be something more than a mere exhibition. Since a pendulum's rate of oscillation depends on the force of gravity at the point where it operates, it will keep a constant record of the force of gravity for the Chicago area...
There were no volunteers. But Manhattan sportswriters suggested saloon-keeping, beer-drinking Tony Galento, first-rate heavyweight who is just half Gargantua's size (230 lb.), as a fair match for the simian. At his saloon in Orange, N. J., Tony Galento "deeply regretted" the suggestion. Meanwhile, in the merry ribbing that followed, no one had taken the trouble to look in his Encyclopaedia Britannica, where he would have discovered that a gorilla has 13 pairs of ribs, one pair more than...