Word: borrowings
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...emerge from the meeting was the crossed-fingers forecast of Economist David Grove that remorselessly rising petroleum prices might not bring on the worldwide financial turmoil that moneymen have been fearing. During the past year, oil-starved Third World nations such as Brazil and Korea have had to borrow billions from Western banks to pay for petroleum imports, as well as to cover even the interest on their previous debts, which already total $300 billion. Some of the largest U.S. banks are now approaching their lending limits, and bankers have started to worry about whether the cash-strapped borrowers will...
...computer also includes listings from the New York City Public Library and libraries at Columbia, Yale, Dartmouth, Princeton, Brown, and nine-other universities. Users of the system will be able to borrow books from any of the member libraries...
...meet later at the British embassy. But by the next day the student militants had taken control of that embassy, too, holding it for about five hours. As King was not a U.S. diplomat, his problems were more financial than political. Equipped with new documents, he managed to borrow money for air passage home and flew...
...thing, unlike last year, the games won't count in ECAC Division One competition. But more than that, the Beanpot is (to borrow an oft-used phrase) "a season in itself." Two quick wins at the Garden transcend any number of embarassing disasters in Ithaca, Potsdam or Hanover. Conversely, failing to uphold a reputation as number one in the Beanpot puts a damper on even the most successful of years...
...Federal Reserve provides its members with various services, such as check clearing, wire transfer of funds and even emergency delivery of $5 bills. Members can also borrow money at the Fed's "discount window," but the price is high in terms of idle reserves. The fact that some big commercial banks offer many of the other services at a modest fee is encouraging smaller banks to forgo access to the discount window and leave the system. When Chicago's Oak Park Trust & Savings Bank withdrew its $9 million reserves from the system last May, its earnings rose...