Word: borrowings
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...themselves joke about it constantly. They even made a film about it titled Friday Is No Holiday. The movie shows workers plodding lazily through their jobs during most of the week. Then comes Friday, and suddenly the proletariat turns industrious. Some steal bricks to complete the lakeside cottage, others "borrow" pipes for a private plumbing job or barter for extra gasoline to make a weekend excursion. Released in 1978, the film drew packed houses in theaters across the country during its run. The boffo business was not surprising in a country where the most popular maxim among workers remains...
Perhaps with that in mind, most lenders try hard to play down the problems and insist that talk of default, let alone bankruptcies, is ill founded. "Foreigners have been borrowing our money since 1902, when we opened our first [overseas] branch in Shanghai." Citicorp Chairman Walter Wriston told TIME. "Our loan losses overseas are not a third of what they are from those good people who borrow our money and speak our language. There are few recorded instances in history of governments, any government, actually getting out of debt. Countries do not fail to exist." The rescheduling of Mexico...
...turn could set the stage for a chaotic battle in Congress next year, since the main Social Security trust fund will be unable to send out pension checks on time by next July. The day of reckoning can be put off by extending the fund's authority to borrow from the separate Medicare and disability trust funds, but then all three are likely to go broke together...
...global oil glut that began to develop in early 1981. Although some oil-producing countries began to discount their prices in response to the weak market, Mexico stubbornly held out a while longer. As a result, customers canceled their contracts. All the while, López Portillo continued to borrow money as if nothing had changed. But rising international interest rates began to put a severe strain on Mexico's ability to meet its loan obligations...
Yale students who do not register will be allowed to borrow money from the university under a provision currently used for other students, such as foreigners, who are not eligible for federal...