Word: beltings
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...than oil prices. Since the loans were mainly in dollars and inflation in the U.S. was depressing the value of the dollar, the borrowers believed that they could repay loans taken today with cheaper dollars tomorrow. Everywhere, going into debt was seen as the means to put off painful, belt-tightening decisions...
...sellout in Madison Square Garden. "Everyone has a God-given talent." Leonard tells the press afterwards. "Mine happens to be mauling the hell out of other human beings' faces." Peretz, behind on two judges' scorecards, is named the winner when Cock burn is docked points for hitting below the belt...
...wintry day in 1908, Rubinstein was alone, broke and hungry in a Berlin hotel room, his career stalled, unable to pay the rent, a love affair in tatters. He took the belt from an old robe, fastened it to a hook on the wall and put a loop around his neck. As Rubinstein pushed a chair from beneath his feet, the worn belt ripped apart and he landed in a heap on the floor. It was then, he later said, that he learned the secret of happiness: "Love life for better or for worse, without conditions...
...year on the brink of outright collapse, surviving on credits from reluctant bankers and suppliers. Hardest hit of all in the downturn were the nation's producers of basic metals such as steel and copper. As demand for metals lurched lower and layoffs swelled, the once pulsing industrial belt that stretches from Illinois across to western New England took on the grim, ground-down demeanor of a half-century earlier, acquiring the glumly descriptive epithet of Rust Bowl. By December, the nation's steelmakers were operating at less than 35% of capacity, the lowest rate since...
...Madrid will have to maintain a policy of austerity for anywhere from one to four years. His decision to crack down on corruption is designed to avoid the social explosion that might loom as living standards drop further. De la Madrid's aim is to show that belt-tightening will affect the rich as well as the poor. "What's fair is fair," explains a P.R.I, 'politician. "We cannot have fat-cat officials taking advantage of these conditions to feather their own nests." De la Madrid has also made clear that he will do as much...