Word: borrowings
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Dates: during 2000-2009
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...that the silence has been broken, dioceses across the country face mountains of debt, even bankruptcy. The Vatican stands aloof at pay-up time; every diocese is responsible for its own financing. That drove the Santa Fe, N.M., diocese to the brink of insolvency, when it had to borrow from parish savings accounts to fill out a $50 million settlement. The diocese of Santa Rosa, Calif., sold off property, closed an elementary school and took out $7 million in loans from 90 other U.S. dioceses to pay $16 million to abuse victims...
...original thought. Give us Frodo. Give us three standard relationship stories, but with a tragic twist to them. Make one about schizophrenic mathematician John Nash. Give another one of them a midlife crisis. Make one of them a smitten William Shakespeare. Then, put them on the Titanic. Or, borrow something else that is already favorably positioned in the American consciousness. Who doesn’t love Lord of the Rings...
...Students can choose whether to work or borrow in fulfillment of their expected annual “self-help” contribution of $3,150. Without recent initiatives, this amount would be over...
...president’s moral clarity is refreshing and more than a little “Reaganesque.” Bush realizes that making demands of these malevolent regimes is not—to borrow a Reagan phrase—“cultural imperialism,” but rather an honest attempt to affect progressive change and protect the political institutions, infrastructure and people of the free world...
...Fuzzy definitions aside, the Bushies do have one thing right. States do play by a different set of rules and they cannot afford to have deficits. Financial lenders give states credit ratings based on their fiscal discipline. If your personal credit rating is bad, you cannot borrow money from anyone unless their idea of a late fee is breaking your leg. States with bad credit ratings face similar problems...