Word: borrowings
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Moulton said the plant's "total energy concept" of providing all energy needs from one central plan equipped with back-up generators and the ability of the affected institutions "to borrow money at a better rate than Boston Edison," will make the power plant "much less expensive" and more reliable than employing Boston Edison...
...find ourselves in a situation that we were not ready for. The cards have been redealt, the game is open, and for a moment everyone can play what he wants. The moving force of all our activity today has been 'the struggle against the dark forces of reaction,' to borrow a phrase from Stalin's History of the Bolshevik Party. The driving force has fallen by the wayside, at least for the present. When one lives in a society that is essentially not free, it is the obligation of every thinking person to attack obstacles to freedom in every...
...place new orders with factories. In addition, economists are encouraged by two other trends. Interest rates have been dropping& #151;major banks' "prime" rate on business loans has fallen from 12% last summer to 7¼% now-making it easier for companies, consumers and home buyers to borrow. Also, the Federal Reserve is now allowing sharp increases in the nation's money supply...
...outlook, to borrow a phrase from "Casey at the Bot," is not brilliant...
...easing of credit has in some ways made it tougher to buy. There has been a stiffening of sellers' once weakening resistance to cutting prices. Another impediment to sales: the cost of borrowing for mortgages has only been inching down from lofty levels of 10% or more. Mortgage rates for new homes still average about 9.4% nationally, including the extra points and service charges many lenders demand. Most experts expect home loan rates to dip to 8½% later this year, though some S and L officials worry that mortgage costs could go up again this summer, when...