Word: brinkly
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Less developed nations have already been pushed to the brink of bankruptcy to pay higher oil bills. OPEC producers are already wary of exchanging their increasingly valuable but declining resources for inflated dollars or for overseas plants and real estate that could be seized. With importing countries expected to demand 33 million bbl. per day from OPEC by the year 2000, some 10% more than in 1978, Levy sees prices soaring, production decreasing and disaster for world economies...
...nation's largest city faces a special handicap in coping with black problems: perched on the brink of bankruptcy for five years, it has had little choice but to curtail services that had once made life more bearable for blacks trapped in some of the bleakest ghettos in the U.S. Blacks occupy 41.2% of the substandard housing in the city and account for about 36% of the 867,173 New Yorkers on welfare. The basic monthly allowance ($476 for a family of four) has not gone up since 1974, but food costs have risen 42.5%, utilities 82%, transportation...
...STRETCHED TO THE BRINK...
...stretched to the brink," says Robinson, who takes home $760 monthly. He and his wife moonlight as apartment managers; Robinson makes more in his part-time work than in his Marine job and looks upon his service pay as "little more than spending money." He also resents the way other Americans treat the military. Says Robinson: "The Marines have no prestige any more. We are looked down upon...
...have the cart before the horse. The problem is not rising prices but devaluation of the U.S. dollar caused by Washington's gross overspending. No government can spend to the brink of bankruptcy without causing inflation...