Word: borrower
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Dates: during 1990-1999
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...becomes a more risky place for investment, and the government must keep long-term interest rates artificially high to attract foreign money. In addition, private savings from Americans are sucked up by the debt vacuum, which means that businesses have a smaller investment pool from which to borrow...
This, in turn, means borrowing for any purpose is more expensive--so businesses borrow less for new capital (along with everything else), and jobs aren't created. This is what economists mean when they say private investment is "crowded out" by the debt...
Mnouchkine calls herself populist but is scholarly enough to borrow from a dozen classical cultures, ranging from British to Balinese. She heatedly denies being avant-garde but despises realism as "the end of theater" and shrugs off as "limiting and uninteresting" questions about the inner life or psychology of her characters. She delights in interrupting a tense narrative with choral dance and music staged in a highly personal melange of styles, mostly from Asia, which she considers "the true home of acting." Having argued a few years ago that no Westerner could understand Shakespeare because no one (except, of course...
Although we appreciate this new spirit of glasnost emerging from Mass Hall, it seems that Shattuck's letter, to borrow a phrase, may rest on a misunderstanding about the University's position...
...Higher Education Reauthorization Act expanded federally guaranteed student loan programs. Elizabeth M. Hicks, assistant dean of admissions and financial aid for federal and special programs, said students from all parts of Harvard University already borrow about $40 million a year under the programs, and she said the new law may increase that by as much as $10 million...