Word: borrowing
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Dates: during 1990-1999
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...falling dollar can also mean higher interest rates, and this is where the federal deficit comes into play. The U.S. government is already $4.5 trillion in the red, and every year it has to borrow another $200 billion or so by selling bonds. A hefty chunk of this sum comes from foreigners, and they were not born yesterday. Seeing the dollar in decline, they sense that our plan is to pay them back with devalued money. So they stop buying our bonds, and the only way we can lure them back is with higher interest rates that affect everyone. Thus...
Countries that borrow and consume too much are destined to lose out, and a cheap currency cannot save them in the end. Eighty years ago, the world's most powerful currency was the British pound sterling, which enjoyed the same almighty reputation as the dollar once did. But the country's post-World War II collapse sent the pound reeling, and while further declines in the currency have occasionally boosted British exports, Britain is no longer the prosperous place it once was. Any visitor can see that...
Under the new plan, aid recipients will have to complete less paperwork as the entire loan will be handled through college financial aid offices. Students will also be able to borrow at lower interest rates than before...
...direct lending program will debut at select schools nationwide in July. College students receiving government aid will be able to borrow money directly through their own schools...
...friend of the President's; and National Security Adviser Tony Lake, who appears to have the greatest day-to-day influence on Clinton when the subject is foreign affairs. The question, though, is whether anyone from the present roster would be seen as a credible "agent of change," to borrow a favorite Clinton phrase. Leading the list of new-blood types from outside the inner circle...