Word: borrower
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Dates: during 1980-1989
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...about the same time, Eastern European countries began borrowing heavily from the West, mostly to build new factories that were supposed to boost economic performance. Not all of these modernization plans failed as spectacularly as Poland's, but there were shortcomings everywhere. The West's economic slowdown shrank markets for goods from the Comecon countries. This meant that the Eastern bloc had to borrow money to finance its growing trade deficit with the West. The debt of the satellites rose from $19 billion in 1975 to an estimated $62 billion at the end of last year. The annual...
...opposition to draft registration is based on practical concerns. We oppose the program because it is--to borrow a line from one of Reagan's three-by-five cards--an empty symbol. It will not deter the Russians, or anyone else, from doing anything, and it only helps buttress the assumption that the answer to geopolitical friction is military action. Moreover, registration does nothing to improve the Pentagon's legitimate manpower deficiency in the existing reserve forces; and those are the divisions which would respond initially to a crisis. In addition, registration has already made federal criminals...
...benefits and guaranteed student loans. These changes will not affect Harvard students significantly until 1983 but the future effects are expected to be significant both in terms of reduced availability of grants and reduced access to the guaranteed loan market. Loans are important not only to those who must borrow to defer the cost of their college education to the years when they will earn sufficient income to support the cost but also to those who require temporary liquidity to permit them to meet current costs of higher education without resorting to the sale of assets. Precise analysis...
Each student has an earnings ceiling which is established by subtracting what the student borrows from his self-help; the difference is the amount the student needs to earn. If a student feels that he needs to work and borrow for more than his self-help he must talk with his financial aid officer in order to establish the reason for the additional need...
That prescription is surprisingly new. Back in 1975 few full-length recordings of books were available. Then, as now, only the blind and handicapped could borrow from the Library of Congress's several thousand titles on tape. But that year, Duvall Hecht, 51, an Orange County, Calif., commuter, helped found Books on Tape to counteract the cerebral atrophy he felt during his daily two hours at the wheel. Beginning with George Plimpton's Paper Lion on ten one-hour cassettes, Hecht's mail-order firm grew to represent 500 titles and adds 100 new works each year...