Word: creditors
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Thurmond, Nixon's political creditor ever since he delivered the Southern vote at the convention and in the election, didn't waste time with any Whittenesque theatrics. Knowing where the power was, he sent a series of messages to Nixon expressing his "concern" over Finch's cut-off. After Finch gave in to the grace-period plan, Thurmond said that he thought it was wise: "We need to take more time in these things...
...substitute for getting into business and learning the hard way." Last week, Bamberg, 45, was again learning the hard way. Bankruptcy had grounded Bamberg's British Eagle International Airlines Ltd. The government's Air Transport Licensing Board was busily apportioning Eagle's routes, and a creditor-chosen liquidator was seeking buyers for the airline's 17 outdated Britannias and Viscounts, which along with eight leased jets constituted the airline's fleet. Debts outweigh assets by some $10 million, and some creditors may have to settle for five shillings to the pound. To his workers lining...
...financing the French and British drawings, the IMF had to sell off $582 million worth of its own gold reserves. Although the organization's total reserves still remain fixed at $21.1 billion, a growing share of that is held in dollars, pounds and francs-the very currencies that creditor countries have been shunning. It thus would have made little sense for the IMF to try to defend the franc by making its loan to Paris largely in dollars or sterling. Instead, it put together a potpourri of currencies ranging from Danish kroner and Irish pounds to South African rands...
...fortunate in finding an excellent librettist (an increasingly rare breed of writer) named Paul Dehn, who based his freewheeling lyrics on Chekhov's farce. Walton's eclectic styles are more than equal to the idiotic but entertaining plot about Popova, a widow who so enrages a creditor that he challenges her to a duel, but they suffer the fate of operatic lightning-love and fall into each other's arms. The work is laced with musical and verbal wit. Widow Popova's complaints about her dead husband ("What could a poor, weak woman do / But humor...
...over $5 billion. That might not seem like much, considering that the U.S. produces more than $800 billion in goods and services annually. The U.S. could be compared to a man who earns $8,000 a year, has a rising income and a debt of only $50 to a creditor in another city. He doesn't worry-so why should...