Word: borrowings
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...that Congress in an election year will make further cutbacks in social programs like food stamps. Both assumptions, TIME's economists agreed, are wishful thinking. The board expected the deficit to rise from $125 billion in 1983 to $150 billion in 1985. If the Government has to borrow those gargantuan sums, interest rates will almost surely remain at towering levels and prevent a robust economic recovery...
...gained at the moment by declaring default. The current payments merely continue the process, which was begun last year, of rescheduling Poland's debt obligations. The U.S. action does not relieve Warsaw of the duty to pay the money eventually. The Poles are currently not being allowed to borrow more, nor do they have enough assets that could be seized to cover their debt. Poland is at least attempting to pay off some of its interest obligations to private Western banks, and has met close to $350 million in payments, out of $500 million owed in 1981. As Secretary...
Grasszdonio used a Business School student's bursar's card to borrow books from Baker library and a Law School student's identification to apply to Harvard and six other law schools...
...about the same time, Eastern European countries began borrowing heavily from the West, mostly to build new factories that were supposed to boost economic performance. Not all of these modernization plans failed as spectacularly as Poland's, but there were shortcomings everywhere. The West's economic slowdown shrank markets for goods from the Comecon countries. This meant that the Eastern bloc had to borrow money to finance its growing trade deficit with the West. The debt of the satellites rose from $19 billion in 1975 to an estimated $62 billion at the end of last year. The annual...
...Random House publishing in 1966 and Hertz car rental in 1967. RCA's biggest acquisition of all was in 1979, when it paid $1.3 billion, or 40% over market value, for C.I.T. Financial Corp., a consumer loan and insurance firm. To raise the money, the company had to borrow heavily on the commercial paper market, where big corporations sell multimillion-dollar short-term lOUs to banks and other institutional investors...