Word: creditor
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Dates: during 1980-1989
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...Latin American debt. We want to pay. What we are trying to communicate to creditor nations is: Help us sustain a process of development that will permit us to pay without producing social explosions, without paralyzing our economies...
...spends at home. As a result, the Japanese are sending the funds back overseas by making loans, buying foreign stocks and bonds, and building factories in countries around the globe. Once merely a master manufacturer, Japan is on the way to becoming the world's premier investor and creditor. Its economic and financial clout could eventually rival the power held by Britain in the 19th century and the U.S. after World...
...greatest risk from the withholding-tax repeal and the sale of bearer bonds is that the U.S. will grow even more dependent on foreign capital. For decades, America has been a creditor to the rest of the world. But the U.S. may soon owe foreigners more than they owe the U.S. Says Roger Kubarych, senior vice president of the New York Federal Reserve Bank: "By next year, the U.S. could have a net debt of $50 billion...
...Orange, Calif., the largest credit-reporting agency in the U.S., keeps credit histories of some 90 million Americans. Access to its files is gained with a computer password, actually a number code. Last week TRW officials confirmed that an account password had been filched from one of its creditor subscribers, a West Coast Sears store. It was then posted on so-called electronic bulletin boards, which almost any computer enthusiast can hook into through phone lines...
...have to shoulder more of the cost of the questionable loans they have made to Latin America. Said he: "There are some real losses out there that nobody wants to take, and you are going to have to spread them out somehow among bank shareholders, the taxpayers of the creditor countries and the peoples of the debtor nations...