GPIF said lending out shares also transferred ownership rights temporarily.
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GPIF said lending out shares also transferred ownership rights temporarily.
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"" But the movie studio hesitated before lending out the famous cape.
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So uh, who has a lot of Nerf guns they don't mind lending out?
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Banks make money by lending out deposits, so they generally take deposits for free.
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The first was actor Carmine Caridi, who was ejected for lending out screeners in 2004.
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As for the money that Payoff is lending out, it largely comes from Eaglewood Capital Management.
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Richard Prager, who runs the company's trading and its lucrative operations lending out stocks, will retire.
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All charge subscription fees, since they lack banking licences and cannot make money by lending out deposits.
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It still may fundamentally be about lending out people's attention, but it may become much more tangible.
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Lending out at slightly higher rates could give a small boost to bank earnings in the coming quarters.
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Musk also envisions a car-sharing program that allows Tesla owners to earn money by lending out their vehicles.
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The deal came with a slew of deposits that Morgan Stanley had to start lending out to generate profits.
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They see the big banks' approach, built around lending out customers' deposits at higher rates of interest, as costly.
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The main responsibilities of her role are providing customer service, as well as lending out strollers and wheelchairs to customers.
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In a previous relationship, the biggest rift came from lending out money for emergency dental work to my then-boyfriend.
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Mr. Duffie says that European rules introduced since the crisis appear to have somewhat tightened securities-based lending out of London.
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That's frustrating to central bankers who have been trying to encourage banks to stimulate economic activity by lending out the money.
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If the ratio is too high, it means the bank is lending out a large share of the deposits it has received.
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Banks will typically make money when interest rate curves are steep by lending out at higher rates and paying deposits with lower rates.
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The bigger picture: With Lendable continuing to prove the success of lending out institutional money, more marketplace lenders may go down this route.
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We've learned Jay's lending out his 40/40 Club Manhattan location Wednesday for Disaster Relief For Puerto Rico, a fundraiser for Hurricane Maria victims.
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Another big regret for survey respondents was lending out their credit card, which also led to bad blood, lost money and lower credit scores.
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Money that the company earned for hitting certain performance targets and for lending out shares to people betting against stocks fell from the year prior.
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Other industry suggestions include setting a floor on the rate charged for lending out bonds or raising the cap on the cash-for-bonds scheme.
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Ms. Rue and Mr. Mason, who are engaged, started the business last year, after lending out their personal set of cornhole boards for a friend's wedding.
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MS is increasing its use of technology in order to drive efficiencies and enhance customer-wallet share and increasing its focus on lending out of this segment.
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After all, low rates cause a problem for many financial stocks, since they reduce the amount these companies can receive for lending out the funds parked with them.
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And the loan comes from Puerto Rico's government, which is bankrupt and obviously in no position to be lending out hundreds of millions of dollars every few months.
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There are other ways to make money in ETFs, such as lending out securities held by the portfolios (securities lending), which is a standard practice in the fund industry.
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Yet as Amazon and Google seek greater riches by infusing the world with artificial intelligence, they've started their own consulting operations, lending out some of their prized AI talent to customers.
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"We have a lot of predatory lending out here, which we want to regulate," Geoffrey Mwau, director general of budget, fiscal and economic affairs at the treasury, told reporters on Thursday.
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The latter, of course, means as a licensed bank Tandem can begin lending out a portion of those deposits, which would begin to form the basis of a proven business model.
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First, the Court pointed out that a bank had an interest in the property that Shaw stole because banks are in the business of lending out the money that customers deposit.
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Finally, we need to keep tabs on local efforts — from outfitting school buses with wireless service to lending out library hot spots — and make sure that successful programs are copied elsewhere.
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Across the region, Beijing's government is lending out billions of dollars, being repaid at a premium to hire Chinese companies and thousands of Chinese workers, according to officials across the region.
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At the end of last year, Prospa had over 22019,256 customers in New Zealand, lending out a total of NZ$2359 million ($5503,2550), with loan sizes averaging around NZ$21,26 ($15,585).
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Most fintech firms will not need an ECB license, however, the central bank said, as their activities are limited and their business does not rely on lending out cash collected through deposits.
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The ECB's decision in December to accept up to 50 billion euros worth of cash, not just bonds, as collateral for lending out sovereign debt has meanwhile fallen short of the mark.
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The Federal Reserve's decision to hike interest rates in March for the second time in three months has been welcomed by banks which earn more from lending out their deposits when rates rise.
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The proximity to Oracle gives students some other perks, the company is lending out its employee shuttles to use as school buses and the basketball team will practice at the company's fitness center.
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It could limit the scope of cash it is lending out or increase the price, so that private sector lenders like money market funds can once again take more of a frontline role.
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KUALA LUMPUR (Thomson Reuters Foundation) - A "living library" project in Malaysia's capital is lending out older people's knowledge to the young, to improve the lives of pensioners and bridge Kuala Lumpur's generation gap.
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Our mission is to help as many entrepreneurs as possible gain access to finance… Barclays realises it's a good way of upgrading their offering to SMEs, and get more lending out to help these businesses.
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Offered initially at a zero percent interest rate, banks could be paid up to 0.4 percent of what they borrow by the ECB if they meet targets for lending out cash to the real economy.
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Its development banks have exported some of the worst excesses of the Chinese financial system: lending out huge dollops of cash with few strings attached, other than that Chinese contractors must do much of the construction.
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BlackRock's lucrative business of lending out the stocks and other securities it holds in its funds, often to speculating investors, also could throw off more revenue as the collateral it collects gets placed in higher-yielding investments.
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Specifically, a banking license would permit Chip to begin lending out a portion of customer deposits in order to power a future alternative to your bank's existing overdraft, with a potentially lower and more flexible interest rate.
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My foray into pink field gear started in my toolbag as an anti-theft deterrent after one too many of my field knives never made it back from lending out to crew for stripping and splicing wire.
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In July, the central bank asked lenders to maintain a ratio of lending out at least 60% of deposits by September or face a higher cash reserve requirement as part of measures aimed at getting credit flowing.
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LONDON (Reuters) - Central banks could help reduce volatility in short-term funding markets used by banks and big business by lending out more securities used as collateral, a group of policymakers from around the world said on Wednesday.
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"Lending out more also means shouldering more risks, we cannot cover every SME that is impacted," said one manager at a local commercial bank in eastern China, who requested anonymity as he's not authorized to speak to the media.
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"Lending out more also means shouldering more risks, we cannot cover every SME that is impacted," said one manager at a local commercial bank in eastern China, who requested anonymity as he's not authorized to speak to the media.
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The Ratesetter integration is an attempt to rectify this, and potentially turns the banking model on its head: instead of a bank lending out your deposits and keeping most or all of the return, you can do the same.
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What you just mentioned… would effectively prevent the commercial banking sector from running money multipliers, from lending out to the economy and creating deposits," Evelyn Herrmann, European economist at Bank of America Merrill Lynch, told CNBC's "Squawk Box Friday.
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Facebook now lending out its own hardware is another sign that it truly does want to challenge YouTube, not just with random clips you stumble across in News Feed, but with premium content like its new Watch tab of original programming.
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Cruise, you might say, has built his career the way Marvel has built its expanded movie universe,: lending out its properties to various directors to stamp their particular vision on the product, but always ensuring that they stay firmly on brand.
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"It was all about lending out as much money as possible, to increase the loan portfolios and bring in as much interest and fees as possible," said Furqan Mohammed, a Chicago lawyer who has worked for both lenders and borrowers.
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The central bank asked lenders in July to maintain a ratio of lending out at least 60% of deposits by September or face a higher cash reserve levy, part of measures aimed at getting credit flowing in Africa's biggest economy.
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The central bank in July asked lenders to maintain a ratio of lending out at least 60% of deposits by September or face a higher cash reserve levy, part of measures aimed at getting credit flowing in Africa's biggest economy.
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Wiseman's documentary sifts through the NYPL like a fly on the wall, giving viewers only a small glimpse at the breadth of the system, but cleverly suggests the institution's core value as a force for community good and social equity beyond merely lending out books.
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It's the same lighter touch model that Revolut and a plethora of other banking apps chose, before in some instances applying for a bank license so they can begin doing more risky regulated activities: namely lending out deposits in the form of overdrafts and loans.
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His comments are likely to cool industry hopes for fresh ECB action to alleviate pressure on bond markets by lending out more of the 1.4 trillion euros ($1.49 trillion) worth of government debt it has bought or changing the country composition of its purchases.
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New York-based BlackRock said on Thursday the revenue it takes in from fees for managing money and lending out securities fell 24.721 percent to $212.8 billion from the same period a year ago, even as the total assets it manages rose to nearly $12.8 trillion.
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Many experts caution that firms are making up that money in other ways, whether it be by lending out securities to other market participants and generating securities lending revenue, or by using the core low-fee funds as a way to entice investors into other higher fee products.
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In the same way a private owner lends art to a museum and asks it to pay an insurance premium to display a painting, the N.H.L. and its team owners are asking the I.O.C. to pay the insurance premiums on the assets they are lending out for the international showcase.
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Should the council determine that a bank has become too big, it could be regulated by the Federal Reserve, which could then call on the bank to raise its reserve requirement — the "insurance cushion" it has saved up, separate from the money it is lending out or using to cover its business costs.
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What matters about these banks are: 1) loan growth, both consumer and commercial, 2) net interest income and net interest margin, which is how much money the banks are making between what they are paying out on deposits and lending out in the form of loans, and 3) how well the loans are performing (credit conditions).
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During the housing crash (which Donald also gloated about as good for business) did conservatives blame the investment banks for lending out tens of billions in subprime loans and Adjustable Rate Mortgages to people they knew were enormously risky, only to repackage the debt to hide its true risk in order to slap an 'A' rating on it before reselling the toxic bonds to unwary institutional investors?
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Contrary to some popular misconceptions, banks do not act simply as intermediaries, lending out deposits that savers place with them, and do not depend on central bank money (M0) to create new loans and deposits.
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The government is lending out the land at Cospicua and Żonqor to Sadeen Group for around €200,000 a year. The government approved the granting of land for the AUM after a 15-hour long debate in parliament on 15 December 2015.
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Lucile Knotts had taught at Burris school from 1929 until her retirement in 1953. She continued teaching by lending out a hand at tutoring many different students. She continued tutoring until her death in June 1965. P.D. Edwards was head emeritus of the Department of Mathematics at Ball State University.
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The Copenhagen Fire of 1728 devoured around 28 % of the buildings in Copenhagen. The merchants Hans Henrik Bech (c. 1699 - 1783) and Hans Hansen Berg (1688-1736) proposed a fire insurance scheme and Kjøbenhavns Brandforsikring was founded by royal resolution on 26 January 1731. The fire insurance was instrumental in speeding up the rebuilding of the city since lending out money for construction projects became less risky.
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In the meantime Monichan joins a class conducted for elders and starts learning to read and write Malayalam as well as English. A minor accident makes Monichan shift over to the town along with his family. Once in town, Monichan finds himself entrapped in a vicious circle. He, with the help of Soman Pillai, begins to tread down the wrong path - lending out money, and doing things not entirely above board.
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The bank operated by borrowing money from Japanese banks at low interest rates and then loaning it out for twice the rate to the Korean market. The Bank was successful because despite lending out money at twice the rate it borrowed it at, the bank's interest rates were still far lower than what could be obtained elsewhere in Korea at that time.The Dawn of Modern Korea. Lankov, Andrei.
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The treaty would be designed so there would be no need for referendums, providing the basis for a speedy ratification process, with the aim to have it completely ratified and come into force in July 2012. In that case, it was to co-exist with the temporary lending-out mechanism (EFSF) for one year, as EFSF was set only to expire as a rescue facility at 1 July 2013.
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It has recorded a success rate of 93.71%. According to its website, refund.me also offers B2B partnerships by lending out its widget to partners or affiliates.refund.me website B2B section Retrieved 7 July 2014 refund.me claims its Advanced Business Logic technology, which it has developed itself, considers current legislation and court rulings to quickly assess a claim’s eligibility. Passengers can consult the company’s website or its mobile app to submit their claims.
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Peter White in the 1860s In addition to his earlier real estate dealings, White began contracting to supply materials for construction. He supplied Norway pine for the Marquette ore docks. White also tried his hand at banking through Peter White & Co., lending out money to some entrepreneurs such as Stephen Gay and his Bancroft Furnace.Williams, page 168 In 1862, White incorporated, starting the First National Bank of Marquette and serving as its first cashier.
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Church members would use their slaves as tithing, both lending out their slaves to work for the church as well as giving their slaves to the church. Though initially opposed to it, by the early 1850s Brigham Young was a "firm believer in slavery". Young and Heber C. Kimball used the slave labor that had been donated as tithing and then eventually granted their freedom. The church opposed slaves who wanted to escape their masters.
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In spring 2016, the Temple Terrace Public Library began lending out more than just books and DVDs. Library patrons are able to check out items like cake pans, tools, board games, sewing machines, and much more, for one week at a time. All of these items have been donated and have helped make the library feel like a resource for the community when they need or want to use an item that they may not be able to purchase.
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Ranga Shankara is one of Bangalore's well known theatres. It is located in the south Bangalore area of J.P Nagar and is run by the Sanket Trust. The auditorium, which opened in 2004, was envisioned by Arundathi Nag, in remembrance of her late husband, Shankar Nag, who was a renowned actor in the Kannada film industry. It aims to promote theatre in all languages and prides itself in lending out the space at an extremely low fare.
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2010 However, after winning the support of French President Nicolas SarkozyBattle over treaty change divides Europe ahead of summit, by Leigh Phillips, EUobserver, 28.10.2010 Germany won support from the European Council in October 2010 for a new treaty. It would be a minimal amendment to strengthen sanctions and create a permanent lending- out mechanism. It would not fulfil the German demand to have the removal of voting rights as a sanction as that would require deeper treaty amendment.
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"The Clark" was created by entrepreneur, soldier, explorer, and prominent art collector Robert Sterling Clark, and his wife, Francine. After numerous adventures in the Far East, Sterling settled in Paris in 1911 and used a considerable fortune inherited from his grandfather (a principal in the Singer Sewing Machine Company) to begin amassing a private art collection. Francine joined him in collecting works of art after their marriage in 1919. The Clarks kept their collection largely private, rarely lending out any works.
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In post-secondary education, Obama signed the Health Care and Education Reconciliation Act of 2010, which ended the role of private banks in lending out federally insured student loans, created a new income-based loan repayment plan known as Pay as You Earn, and increased the amount of Pell Grant awards given each year. He also instituted new regulations on for-profit colleges, including a "gainful employment" rule that restricted federal funding from colleges that failed to adequately prepare graduates for careers.
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Federal action initially caused the problem by allowing institutions to get involved in creating wealth by unhealthy fractional reserve practices, lending out much more money than they could ever afford to pay back out to customers if they came to withdraw their money. That ultimately led to S&Ls;' failure. Later, the government's inaction worsened the industry's problems. Responsibility for handling the S&L; crisis lay with the Cabinet Council on Economic Affairs (CCEA), an intergovernmental council located within the Executive Office of the President.
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The region with the largest number of public hotspots is Europe, followed by North America and Asia. Libraries throughout the United States are implementing hotspot lending programs to extend access to online library services to users at home who cannot afford in-home Internet access or do not have access to Internet infrastructure. The New York Public Library was the largest program, lending out 10,000 devices to library patrons. Similar programs have existed in Kansas, Maine, and Oklahoma; and many individual libraries are implementing these programs.
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Jetavana Monastery. According to texts, at one time Anathapindika lost a significant amount of his fortune in a flash flood which washed away large amounts of his gold, and was reduced to poverty due to his love of giving as well as due to lending out large amounts to his friends. Despite this, Anathapindika continued his patronage and support of Buddhism, although more modestly. It is said he later returned to his wealthy status, however, due to the help of a redemptive deva, or spirit.
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The Federal Reserve can take several actions to deal with the risks associated with lending out reserves during the day. Firstly, the Federal Reserve can monitor a bank borrowing money by what kind of project they are using the reserves for, and by considering the value of other assets that the bank owns. Secondly, the Federal Reserve can ask for collateral from potential borrowers. In this scenario, collateral works as an insurance for the Federal Reserve in case that the borrower is not able to return the overdraft that occurred during the day.
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In 1923, the young Kim Shun-Pei moves from Cheju Island (South Korea), to Osaka (Japan). Through the years, he becomes a cruel, greedy and violent man and builds a factory of kamaboko (processed seafood products) in his poor Korean-Japanese community, where he exploits his employees. He makes a fortune, abuses and destroys the lives of his wife and family, has many mistresses and children and shows no respect to anyone. Later he closes the factory, lending out the money with high interest and becomes a loan shark.
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The creation of the "armpit partnership" model allowed for those who wished to avoid any attention by the authorities to join the very lucrative qianzhuang business. A united voice of "armpit partners" also had the power to protect their pecuniary interests from being funnelled to the dominating partners. This model of "armpit partnerships" would serve a defensive mechanism (or a modus vivendi), enticing the Hankou qianzhuang to make more business allies under political gauntlets. Lending out money is the greatest source of risk that these traditional bank faced in China.
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Dana viewed paintings and sculptures as much less useful than industrial products, comparing the museum to a department store. In addition, he encouraged the active lending-out of a museum's collected objects in order to enhance education at schools and to aid in the cultural development of individual members of the community. Finally, Dana saw branch museums throughout a city as a good method of making sure that every citizen has access to its benefits. Dana's view of the ideal museum sought to invest a wider variety of people in it, and was self-consciously not elitist.
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Chain Bridge was founded, de novo, in 2007 by Peter Fitzgerald, who previously served in the United States Senate as an Illinois Republican. Fitzgerald is the son of Gerald F. Fitzgerald, who was chairman of Chicago's Suburban Bancorp which was sold to Bank of Montreal in 1994 for $246 million. Gerald Fitzgerald had a policy of lending out no more than half his banks' deposits (according to the FDIC, the national average for banks is 81%). "My father couldn't sleep at night if he did not have 50% liquid assets at any one time," Peter Fitzgerald told Chicago Business after Gerald Fitzgerald's death in 2010.
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In October 2018, the owner of a book shop in the Gobelins neighbourhood in the 13th arrondissement of Paris began lending out oversized teddy bears. Photographs of them in human poses in various local and wider Parisian settings have been widely circulated. Teddy bears of the Gobelins The Gobelins neighbourhood lies on the border between the 13th and 5th arrondissements, around the Gobelins Manufactory and the Les Gobelins Paris Métro station. Philippe Labourel, the owner of a book shop at 25 Avenue des Gobelins, posed a large teddy bear in his window in June 2018 and in mid-October began making them available on request for 48 hours and posting the resulting photos on social media.
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Cricket clubs in the town include Newbury Cricket Club (situated right in the town centre) and Falkland CC. Newbury also has two athletics clubs: Team Kennet and Newbury Athletics Club. Newbury District Leagues exist in many other sports such as badminton, table tennis, squash and darts. Victoria Park, near the centre of the town, is used for several events during the year such as the Newbury Waterways Festival, the Keep Off The Grass (KOTG) dance music event and Crafty Craft, an improvised raft race along the canal. As well as lending out books, Newbury Library, which moved to a new building in July 2000, provides internet access and other services to its users and members.
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American individualist anarchist Lysander Spooner, who supported free banking and mutual credit Mutualists support mutual credit and argue that free banking should be taken back by the people to establish systems of free credit. They contend that banks have a monopoly on credit, just as capitalists have a monopoly on the means of production and landlords have a monopoly on land. Banks are essentially creating money by lending out deposits that do not actually belong to them, then charging interest on the difference. Mutualists argue that by establishing a democratically run Mutual savings bank or credit union, it would be possible to issue free credit so that money could be created for the benefit of the participants rather than for the benefit of the bankers.
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While its troops remained members of the Hessian military, and even fought in their national uniform, they were hired out for service in other armies, without their government having any stake in the conflict. Thus, it was possible for Hessians to serve on opposing sides of the same conflict. In the War of the Austrian Succession, both Britain and Bavaria employed Hessian soldiers against one another; in the Seven Years' War, the forces of Hesse-Kassel served with both the Anglo-Hanoverian and the Prussian armies against the French; although Hesse-Kassel was technically allied to Britain and Prussia, her troops were actually leased by the British. Nevertheless, the practice of lending out auxiliaries did sometimes result in direct consequences.
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The campaigns also affected many other categories of the society: intelligentsia, peasants—especially those lending out money or wealth (kulaks)—and professionals. A series of NKVD operations affected a number of national minorities, accused of being "fifth- column" communities. A number of purges were officially explained as an elimination of the possibilities of sabotage and espionage, by the Polish Military Organisation and, consequently, many victims of the purge were ordinary Soviet citizens of Polish origin. According to Nikita Khrushchev's 1956 speech, "On the Cult of Personality and Its Consequences", and to historian Robert Conquest, a great number of accusations, notably those presented at the Moscow show trials, were based on forced confessions, often obtained through torture, and on loose interpretations of Article 58 of the RSFSR Penal Code, which dealt with counter-revolutionary crimes.
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In 1934, Currie became a naturalized United States citizen and joined Jacob Viner's "freshman brain trust" at the U.S. Treasury where he outlined an ideal monetary system for the United States which included a 100-percent reserve banking plan to strengthen central bank control and prevent bank panics in the future by preventing member banks from lending out their demand deposit liabilities, while removing reserve requirements on savings deposits with low turnover. Later that year, Marriner Eccles moved from the Treasury to become governor of the Federal Reserve Board. He took Currie with him as his personal assistant. Harry Dexter White, another "freshman brain trust" recruit, became a top adviser to Secretary of the Treasury Henry Morgenthau, and for some years White and Currie worked closely in their respective roles at the Treasury and the Federal Reserve.
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HathiTrust have been used to established the principle of controlled digital lending (CDL). As argued under the CDL model, a library which owns a physical copy of a book has rights under both fair use (as established under this case) and the first-sale doctrine to "lend" an electronic scanned copy of that book with appropriate digital rights management to a user as if they were lending out the book, thus allowing libraries to serve the virtual world. The Internet Archive's Open Library project used the CDL principle to justify its system, but this has come under similar criticism from authors and publishers of copyrighted books within their system since its launch in 2006. The CDL concept has not been tested in courts, but a lawsuit against the Open Library was initiated by four publishers in June 2020.
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Altarpiece fragments (late 1300 – early 1400) destroyed during the English Dissolution, mid-16th century. In the autumn of 1535, the visiting commissioners were sending back to Cromwell written reports of all the lurid doings they claimed to have discovered, enclosing with them bundles of purported miraculous wimples, girdles and mantles that monks and nuns had been lending out for cash to the sick, or to mothers in labour. The commissioners appear consistently to have instructed houses to reintroduce the strict practice of common dining and cloistered living, urging that those unable to comply should be encouraged to leave; and considerable numbers appear to have taken up the opportunity offered to be released from their monastic vows, so as to make a life elsewhere. The visitors reported the number of professed religious persons continuing in each house.
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The most important thing qianzhuang do prior to lending out money is a credit survey. In a credit survey an investigation is opened into, among others, the assets of the shareholders of the qianzhuang, the morality and management ability of the business managers, the market conditions and prospects of the invested projects, the private life of shareholders to see if they'll be able to cover the loan, and the private lives of the managers. How accurate these investigations tended to be was largely dependent on geography and the human relationships of the involved parties. Most qianzhuang had a staff member called a "street runner" (these people generally occupied the salesman position of the "Eight Butlers" hierarchical structure), street runners would go out every day to make contact with both their customers and their customers’ business associates as well as to explore everywhere.
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After World War II, the economy of Kiruna started to diversify. Initially, the mechanisation of the mining industry led to more mechanical workshops developing machinery for the mine, still dependent on the mining, but individual companies with spinoffs that could be sold to other areas than the Kiruna mine alone. In the 1950s, a fund, Norrlandsfonden was established, in which profits from LKAB would be invested in order to diversify the local economy. The municipality started to lend money to starting companies against very beneficial rates, a scheme that lasted until 1959 because the banks, that insisted this was false competition, had established more relaxed rules for lending out money. The industrial area east of the city was built in the 1950s to separate industry from neighborhoods. On 10 November 1960, Kiruna Airport opened to separate civilian air traffic from the military airplanes that had landed at Kalixfors airport and at Luossajärvi since World War I. A road to Nikkaluokta was opened in 1971 and to Riksgränsen and Narvik in 1984.
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The Open Library has justified its ability to offer full contents of books in digital formats as part of the first-sale doctrine and fair use law. The Open Library owns a physical copy of each book that they have made available, and thus argue that the lending out of one digital scan of the book in a controlled manner falls within the first-sale doctrine, a practice known as Controlled Digital Lending. Since its launch, the Open Library has been accused of mass copyright violation, via the systematic distribution of copies of in-copyright books, including both in-print and out-of-print books, by numerous groups, including the American Authors Guild, the British Society of Authors, the Australian Society of Authors, the Science Fiction and Fantasy Writers of America, the US National Writers Union, and a coalition of 37 national and international organizations of "writers, translators, photographers, and graphic artists; unions, organizations, and federations representing the creators of works included in published books; book publishers; and reproduction rights and public lending rights organizations". The UK Society of Authors threatened legal action unless the Open Library agreed to cease distribution of copyrighted works by February 1, 2019.
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