Word: upwards
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...Work with local high school enrichment programs like Upward Bound to encourage more black interest in Wellesley and to raise prospective black students' chances of admission...
...breakers. And broken chunks bob up astern, where they may damage cargo vessels that follow. Often the icebreakers are halted when pressure and friction from trapped floating chunks form a vise along their sides. Now a Canadian inventor, Scott Alexander, 55, has developed a new device that breaks ice upward. The new present seagoing ice plow, called the Alexbow, may well render present-day icebreakers obsolete...
Made of five-eighths-of-an-inch steel, the Alexbow's 14-ft.-high concave blade is attached to the nose of a tug-pushed barge. It glides under unbroken ice, exerts upward pressure. As the ice breaks, it rides up the slopes of the bow blade and is deposited on solid ice at either side of the barge...
...Bank for three months in 1929, was a rush by commercial banks to lift their minimum lending rate from 6% to a record 61% annual interest. That "prime rate," as bankers call it, applies to borrowing by their bluest-chip corporate customers. Other interest rates throughout the economy scale upward from that level. Bankers predicted that loans will now grow costly enough to crimp small businessmen, capital-goods industries and local government construction projects. Worst hit, as usual, will be new housing, which is uniquely sensitive to a downturn when rates jump-as mortgage lenders agreed they surely will...
...reluctance to raise its own discounts and add more upward pressure to housing costs results in a rush to dump loans on Fannie Mae. The association's resources get swamped, and it is forced to curtail purchases just when they are needed most to sustain housebuilding. When Fannie Mae moves to charge an increased discount, private lenders demand still larger ones. In its effort to conserve dwindling funds during the 1966 credit squeeze, Fannie Mae refused to buy loans larger than $15,000-a decision which Lapin says led to "pernicious inequities and market distortions" because "high-cost areas...