Word: borrower
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Dates: during 1980-1989
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Walter Heller, a member of TIME'S Board of Economists, points out that, quite apart from its effects on inflation, a swelling deficit operates directly to reduce savings in the economy. The Government must borrow to cover the deficit, thus decreasing savings, and in a briskly expanding economy this would reduce the money available for private investment. ''The quickest and surest way to increase savings is to reduce the deficit or run a budget surplus," says Heller. But he fears that the Reagan program will do the exact opposite, at least in the short...
...system allows parents to borrow up to $3000 per student, with a maximum of $15,000 per family, over the four-year period. The tuition of the student's college--and not his family's income--primarily determines the size of the PLUS loans, Johnson said...
...segment. But ABC pays Spelling-Goldberg Productions only $583,000, leaving a deficit of between $800,000 and $900,000 a season. It is generally not until a series is sold for syndication that the deficit is erased and the big profits begin. Until then, producers borrow, worry about cost overruns and beg the networks for more money...
Departments that run deficits often borrow from the University and must repay the loans with interest, which currently stands at about 7 per cent. Gerrity said the Faculty will probably have to borrow money from the Corporation to cover expenses incurred under the current budget...
...power in Warsaw. don't go bankrupt," as Citicorp Chairman Walter Wriston once said. But they can delay or, as in the case of Iran, freeze payment on foreign debts, even though such moves endanger the profitability and, eventually, the stability of financial institutions. With debts of all borrowing countries to foreign banks now totaling $600 billion, the Polish crisis has raised new fears about the ability of many hat-in-hand nations to repay their loans. Turkey, for example, would be virtually insolvent without West German assistance. Among the developing countries, Brazil has run up the largest foreign...