Word: baddings
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Dates: during 1970-1979
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...administration of the foreign aid program was left just as it was: beset and beleaguered, and known largely for its failures. Those failures are well publicized: some ill-advised projects and scattered cases of misuse of funds by corrupt recipients. In an odd Gresham's Law, the bad news about foreign aid seems to drive out the good-and there is a lot of good news. Foreign aid has contributed to the rise of a series of economically free and prosperous "ADCS," or advanced developing countries, including South Korea, Singapore, Taiwan, Malaysia and Thailand. U.S. assistance has also helped...
...Three months with Paul Newman can't be all bad," says Actress Jacqueline Bisset...
...reduced to radio broadcasts for his news, most of it bad or even worse, indifferent to his existence. Daily, however, his royal host, King Hassan II, drives over to Dar es Salaam Palace for a tete-a-tete, often chauffeuring himself in a sleek Mercedes 4505E with only a chihuahua lap dog as sentinel. There is an occasional family excursion into the Middle Atlas Mountains, but this involves screaming sirens and two limousine loads of jittery security guards scarcely a soothing outing. At home at the palace, 200 Moroccan troops are on guard duty...
...international chief for a series of American banks: initially Manufacturers Hanover, then First Boston, now Blyth Eastman Dillon−INA. He is one of those multinational deal makers who live in Concordes, four-star hotels and mahogany-walled counting houses. He always rides a crest in good times and bad, making money −much money−despite a few sour deals among all the bonanzas...
...been tumbling. Nobody knows how Turkey Zaire, Peru and many other impecunious countries will ever pay back their loans to Citibank, Chase or the rest of the big U.S. lenders. The debtor countries, pleading poverty, could indefinitely defer repayment. Then the Federal Reserve Board would have to cover those bad debts, meaning that the U.S. taxpayer would finance the bailout. Says Zombanakis: "We have created a system in which almost the entire debt of the world rests on the Federal Reserve...