Word: expanding
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...customers and rationing loans to regulars. Some are cutting off finance companies and mortgage-banking firms and generally refusing loans to finance corporate takeovers. The pressure is strongest on banks in the East and on the West Coast because they deal with many large corporations that need money to expand. The cost of borrowing, already at a 40-year peak, continues to rise. Bankers have stepped up their prime rate four times in the past six months, to an alltime high 7½%, and speculation is widespread that they will soon increase it again. That expectation helped to depress...
Profit has not come so easily to the chains. They have been borrowing at high cost to expand and diversify into such related businesses as drugstores and retirement communities. Some of the largest chains net only 5% or 6% yearly on investment v. an average of 10% for all of U.S. industry last year. The stocks in several big chains have dropped sharply; Hillhaven and National Health Enterprises are down more than 60% from their 1968 highs...
...danger and air pollution of a major modern airport. "A properly located ocean airport," say Gallichio and Dabrowski, "needn't interfere with flight patterns of existing airports or with irreplaceable conservation and recreation areas. It costs nothing to acquire the site, and the airport has unlimited room to expand as traffic increases...
...plan is well under way in Savannah, where 40 impoverished Negroes have been helped to buy homes and 23 have received loans to begin or expand their own businesses. The bank has also mounted cleanup campaigns in the Negro neighborhoods of Valdosta and Albany, Ga., where thousands of blacks and whites together swept up and carted away hundreds of tons of junk. When the campaign was repeated in Savannah, some 30,000 people showed up to participate. Last week Lane introduced his plan to seven other Georgia cities, including Atlanta...
Lane is prepared to lend $15 million in the poor neighborhoods and spend $1,000,000 a year in cleanup campaigns. He also intends to expand his program far beyond that by seeking such large depositors as the Ford Foundation and converting their money into high-risk loans. "Lowincome people need money," says Lane, "and the banks have got to give it to them...