Word: costly
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Dates: during 1980-1989
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...debtor. Says C. Fred Bergsten, the director of the Institute for International Economics in Washington: "The richest country in the world is competing with the poorest for the pool of available capital. American indebtedness tends to drive up U.S. interest rates, which in turn drives up the cost of loans to other nations, which threatens to wipe out the benefits that Nick Brady has made possible." Meanwhile, the U.S. trade deficit is provoking protectionism, which would make it harder for developing countries to work off their debts by exporting their products to a key market. If the U.S. is really...
...feat, Bush's program differs sharply from John Kennedy's proposal in 1961. Kennedy's plan to put a man on the moon within the decade was well focused and lavishly financed. But Bush offered no price tag and no precise timetable for the "journey into tomorrow" that could cost hundreds of billions of dollars. Given the parlous state of NASA's meager funding and morale nowadays, that journey could abort before it takes off. Some congressional Democrats wonder where the money will come from. Warned House majority leader Richard Gephardt, in a critique of Bush's speech that reflected...
...four-day auction brought in more than $800,000. The FSLIC, which currently holds $9.6 billion in assets seized from failed thrifts, has raised more than $300 million this year by selling off their property. That comes to roughly one five-hundredth of what the S & L bailout will cost U.S. taxpayers in the next ten years...
...think patients have become consumers," says Robert Rogers, an ophthalmologist in Pompano Beach, Fla. "They are no longer interested in their doctor, who has perhaps been their doctor for five, six, ten years. They are really interested in what it's going to cost them. It's just like they're going shopping at the local supermarket...
...elections cost the LDP control of the upper house of the Japanese parliament and brought down Prime Minister Sousuke Uno. Before the setback, the party had held a monopoly on government power in Japan since...