Word: debt
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Dates: during 1950-1959
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Wherever he went, the reputation of "wizard" preceded Schacht. He had saved the Weimar Republic from the disastrous consequences of inflation, had helped Hitler build a superb war plant in debt-ridden Nazi Germany (he was acquitted of war crimes charges at Nürnberg). For his new patients, Dr. Schacht prescribed no miracle drugs, but time-tested, standard remedies. He warned Indonesia last year to work hard and attract foreign investors. He bluntly told the Iranians last month that they were "lazy," and repeated his injunction to work hard. Sometimes his pronouncements seemed a little hasty. ("I reached Teheran...
Brattle closed its doors on the 29th of August after going heavily in debt. Holiday announced at the beginning of the term that the theatre needs $20,000 to go back into business...
Finland's last "golden schooner" slid into Russian waters last week. Named for the bright brass and copper alloy used for its fittings, the schooner meant gold for Russia in another sense: it was the final payment of doughty Finland's $570 million reparations debt to Russia. Finland thus lived up to a reputation established as the only World War I debtor nation which punctually made its payments...
...result of the plan would be to cut the national debt by $27 billion, or 10%, and "instead of tax-free power and water projects, the new companies would pay taxes approximately a billion yearly . . . The new shareholders would get a better return from their stock than they are getting from their bonds today. But most important of all ... millions would . . . acquire a personal interest in business...
...ambitious, they scheduled plays they could not afford and brought in well-known actors who commanded salaries five or six times as high as the ones they gave themselves. When they finally discovered that idealism is a liability in a theatre's front office, they were already heavily in debt...