Word: borrowers
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Dates: during 1990-1999
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...playful but passionate vocals; and Stand by Me, with its big, sweet guitar licks and hand-clapping chorus, has pop appeal. So far, though, Oasis hasn't come close to creating a body of work that will make the young, hot, upstart rock bands of the future want to borrow from it. But the band is still a fairly new one. And there's a long and winding road ahead...
...crucial witness could be CARRIE FERRARO, who rented Paula and Steve Jones a Glendale, Calif., house in May 1993. Ferraro told TIME that almost from the start, the couple complained of being broke. They were frequently late paying the $900 monthly rent, she says, and Paula often asked to borrow money. The chatty Paula, she claims, never mentioned meeting Clinton, much less being pawed by him. After paying only part of October's rent, they skipped November entirely, then told Ferraro the Joneses were breaking their lease and moving out, according to Ferraro. Just 2 1/2 months later, Jones went...
...patterns emerged: the stock market sank but ultimately staged a powerful recovery. There was also a noticeable flow into the stocks of small companies. The problem is that in this so-called new-era economy, historical benchmarks have been about as useful as an abacus in Silicon Valley. To borrow a phrase from the new-era crowd, it's different this time...
COMPETITIVE ADVANTAGE The demise of the Soviet Union shifted resources from defense to more productive uses and opened new export markets, labor pools and natural resources. Government's belt-tightening means Uncle Sam needs to borrow less, leading to lower interest rates. This year the deficit is expected to shrink to about $70 billion, down 75% from $290 billion in 1992. The annual red ink is now less than 1.4% of gross domestic product, the lowest of any industrialized country. Result: a productivity-driven boom...
Over 60 percent of college graduates borrow to pay for their education, and the average graduate comes out of college with between $10,000 to $15,000 in student loans...