Word: borrowers
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...first half of this year, ten states had to borrow a total of $2.37 billion from the Federal Government in order to pay basic benefits to their jobless workers. For all of 1981, nine states borrowed only $1.6 billion. These loans, coupled with unpaid balances incurred during earlier downturns, have pushed the total indebtedness for 16 states, plus Puerto Rico, the Virgin Islands and the District of Columbia, to $7.8 billion. That figure is expected to grow to $9.5 billion by year's end, and more states are likely to join the list of loan seekers before the recovery...
More and more economists now fear that renewed economic growth will simply send interest rates even higher as businesses and individuals alike try to borrow, helping to choke off the recovery before it ever takes hold. The biggest danger is the pressure that is already being placed on the economy by federal borrowing. In the July-September quarter alone, the Treasury will need to raise about $46 billion in new money, double the amount borrowed during the same period a year...
...means did London get everything it wanted. Lacking an effective airborne early-warning system to protect its naval task force from surprise air attacks, the British asked to borrow an undisclosed number of U.S. AWACS. Washington refused on the grounds that American servicemen, who would be necessary to man the aircraft, should not become involved in the conflict...
...dollar value of guaranteed loans to state scholarships in Massachusetts. It is not the case that "students are expected to pay back $15 for every $1 they are given. "It is the case according to the Massachusetts Higher Education Assistance Corporation, that Massachusetts students, on the whole, borrow $15 for every $1 available in Massachusetts State Scholarships...
...housing boom is with short-term loans in which virtually all of the principal comes due in a single so-called balloon payment, usually within two to five years. Homeowners had assumed that their houses would continue appreciating in value and that they would be able to borrow against the equity to pay off the balloon loan. But prices are now stagnating, and new loans are hard to get. Nearly $500 million of these balloon mortgages are coming due in California this year, and Shulman and other economists fear that cash-strapped homeowners will be unable to make them...