Word: borrowing
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Dates: during 1980-1989
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...term loans. The IMF is somewhat like an office credit union into which members put their savings to be drawn on when there is a need. The IMF calls its deposits "quotas," and each of its 146 members makes a contribution to a common pool from which it can borrow when it is squeezed for cash to pay its bills...
City Councilor Flynn has also shown momentum despite a money shortage so severe that Flynn told the Globe "I have nothing." The Globe reported yesterday that Flynn, who is paying for the education of his six children, was forced to borrow $16,000, halving his net worth...
That concern was shared by Martin Feldstein, chairman of the President's Council of Economic Advisers and a guest at last week's meeting. Said he: "This recovery is very different from past upturns. The fact that more and more people are assuming that the Government will borrow $200 billion or more annually for the next three or four years is bound to keep interest rates and the dollar's exchange rate high. While the economy will most likely continue to grow through the next couple of years, the deficit is undoubtedly increasing the risk that...
...They feel like they're at home here," he adds. "They can put their feet up. They can borrow money. Mrs. B. and I are sort of The Mom and Dad away from home...
ARGENTINA. The costly Falkland war has helped to weaken Argentina's ability to service its $40 billion of foreign debt. The country will have to borrow $1.5 billion this year just to help pay off some $4.5 billion in interest. Banks that extended the country $6.6 billion in short-term credits before last year's war now fear that Buenos Aires will seek to stretch out those loans...