Word: debt
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Dates: during 1950-1959
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...Brazil," said newly appointed Finance Minister Oswaldo Aranha last week, "is a sick patient that needs to be told the truth." The truth, as Diagnostician Aranha bluntly told it, was even worse than the patient had thought: "Our total trade debt amounts to $1 billion. We owe the U.S. nearly $500 million." At home, "the cost of living has increased 11% more in the last five months; new money in circulation has increased 4 billion cruzeiros...
This week any Democrat in the U.S. could borrow Will Rogers' words and describe his own status with as much accuracy as humor. Seven months after the great defeat, the Democratic Party is disorganized, in debt and leaderless. Its condition is one that John Fischer, general book editor of Harper & Bros, and a worker in Adlai Stevenson's camp last year, has diagnosed as "intellectual anemia" and "almost total collapse of the . . . organization...
...start some badly needed projects right away. But Washington-notably the World Bank, which is supplanting the Export-Import Bank as the primary lending agency - feels that Brazil must strengthen its currency, wipe out its trade deficit, and check credit inflation before it can take on any more debt, even for the worthiest of projects...
...Fixing Kilt. Bernstein's most forceful argument for sprightliness is Winners & Sinners itself. When a Times headline said COAST OIL DIGGING URGED TO CUT DEBT, he replied: "Dig that crazy word . . . Oil wells are usually drilled rather than dug." Grammatical errors are listed under the head, "English the King wouldn't like" ("He had been ill for several months and had underwent a gall bladder operation six weeks ago," or "Then, after Jim Hearn had left a 2-1 victory in the nightcap slip away . . ."). A lively headline-MOCKTAIL TIXING KILT, COCKTAIL MIXING TILT...
Scholastically and financially, the new college did not always fare well. Students with the necessary qualifications for college work were so few that until 1908, the College maintained a preparatory school to boost applicants to the necessary academic level. And in the '80s the school was debt-ridden to the point that the president offered to resign so that his salary might be used to keep Lawrence from buckling...