Word: debt
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Dates: during 1950-1959
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Venezuela. Last week the government announced that it had negotiated a $289 million loan from a consortium of U.S., British and Canadian banks to put part of the burdensome $1.4 billion debt left by ousted Dictator Marcos Perez Jimenez on a businesslike basis...
Colombia. As in the case of Venezuela, Colombia was run heavily into debt by its own ex-Dictator Gustavo Rojas Pinilla. By careful penny pinching, the post-revolutionary junta surely and steadily paid off much of the debt...
...million a year-more than enough, he said, to offset Studebaker's past losses. Sonnabend was eager to get on with the wedding, but Churchill wanted to hold up formal publication of the banns until the company's creditors have approved plans to recapitalize, make the debt load more manageable...
...bitter, self-derisory revision of Marx's famous exhortation to the workers of the world, Orwell ends his book with an address to his ruined brothers of the British middling classes, crippled by debt and (in his view) shackled by snobbery. He invited them to descend with him into the nether regions of the "working class where we belong," for, says he, "we have nothing to lose but our aitches." The British middle classes, however, have stubbornly continued to cling to their social aspirations and their aspirates. Class war may be 'ell. but the better-bred Briton...
...CAPITA DEBT in U.S. is now $4,310, has climbed 24% in last five years to "almost unbelievably large" total of $750 billion, says Chase Manhattan Bank. Yet debt is only 1.7 times the value of gross national product-no more, no less than average ratio since...