Word: cashing
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Dates: during 1980-1980
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Harvard will be the first college basketball team ever to visit the PRC. The Friends of Harvard Basketball, led by Ray Lavietes and Tom Stemberg, have raised all but about $5000 of the $40,000 cost of the trip, and both men put in appeals for additional cash at last night's dinner...
...more than is available Stateside. Two daughters of an affluent Birmingham, Mich., physician used $14,000 in low-interest Government student loans (see box) to invest in real estate and bank certificates. One of the most popular gambits in the new scramble for cheap loans is borrowing on the cash value of whole life insurance policies. People can often get the money at 8.5% interest and then put it into money market funds yielding at present about...
Businesses are having slightly better success than consumers in the search for credit funds. Says Gary Wenglowski, chief economist of Goldman Sachs: "Money is still available for the major companies, although it is very costly." One way companies have kept flush with cash is by borrowing money abroad where interest rates are lower. IBM recently obtained $227 million worth of West German marks and Swiss francs at up to 14% less than it would have paid for the money domestically...
...businesses are faring as well. Many rural banks are cash short, and U.S. Farmers Home Administration loans in some areas have begun drying up. In Iowa, 23 needy farmers were refused credit when $37.2 million in available 11% Government money ran out. "Everyone out here is scared," says John Phelps, 29. "Farmers aren't scared of a national collapse. They're watching one in their living rooms...
...ranks include all political views. Today a quartet of interlocking groups urged on by secular New Right activists is busily at work, interviewing presidential candidates and hoping to register millions of inactive churchgoers, deliver votes on a national and local level and provide chosen candidates with campaign workers and cash. The four...