Word: borrowers
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Dates: during 1970-1979
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...during those same years, the financing of the state's public schools has become a crisis. Cleveland has had to borrow $20.7 million in state funds to reduce a deficit in its education budget. Similarly, 35 school districts are in danger of closing early this year for lack of funds...
...museum doesn't have it, or can't borrow it, it can't show it and so the exhibit must display two rather unsatisfying Robert Motherwell collages. The Fogg sadly lacks any high-calibre Motherwell canvases, one of which, perhaps something from his "Elegy" or "Open" series, would have enhanced the exhibit immeasurably...
...supply. Since inflation is primarily structural, the supply of money has little effect on prices. But it has tremendous effects on the construction industry and the housing market. When the Fed tightens money, interest rates zoom (up to 10 per cent at present), and people can't afford to borrow money to build or buy housing. Construction workers go on welfare, real estate values skyrocket, and you just get more inflation...
...first night in France, Charles Lindbergh had to borrow a pair of the distinguished U.S. Ambassador Myron T. Herrick's pajamas. We Herricks are very proud to have those famous pajamas hanging on our family tree...
...Jerrold Gibson '51, director of the University's office of fiscal services, says the Opportunity Act would benefit Harvard students more than the tax credit because students at high-cost schools like Harvard are more apt to borrow money to finance their tuition payments and therefore need the expanded loan program. Also, a $500 tax credit hardly makes a dent in a Harvard term-bill whereas the different grant and loan programs can provide more meaningful amounts of aid for those students eligible...