Word: credited
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Dates: during 1970-1979
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Northeastern does not have the talent of Harvard this season, but that never means anything when two Beanpot teams get together. The Huskies are currently 1-2 in the ECAC with a 10-4 victory over lastplace Princeton to their credit. The losses came against suspension-decimated Boston College and man-child Providence...
...their junkets, Chinese delegations carried elaborate shopping lists whose extravagance may far exceed the limits of the Chinese budget. Although China's international credit rating is excellent, the country has never dealt in the lofty sums now being discussed. The Chinese hope to finance their modernizations through development of oil exports, through joint ventures in which they pay off their debts in goods manufactured in foreign-built mainland factories, and through their immense human resources: manpower and discipline. One shadow over the New Long March, however, is doubt that the primitive Chinese economy can rouse itself to meet the price...
...Paying off the debt now enhances the Treasury's ability to borrow later, when Social Security benefit payments will exceed incoming payroll tax revenues. A smaller national debt also reduces overall demand for credit, pushing down interest rates. This in turn should stimulate economic growth and create jobs, producing more payroll tax revenue to keep Social Security healthy. Devoting the savings in interest payments to Social Security should extend the program's solvency from...
Consumer debt, the kind that results from credit-card purchases, installment buying and other small loans, has jumped since 1975, from $197 billion to $289 billion. Moreover, mortgage debt in the same period has risen from $479 billion to $701 billion because home prices have increased fast and people figure that houses are a good investment...
What makes the present load bearable for the borrower is the lengthening of the repayment schedules for installment loans. Auto loans that used to run for three years can now be stretched to four or even five. Some credit-card repayments can be drawn out indefinitely for anyone who is willing to pay an annual finance charge...