Word: debt
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Dates: during 1950-1959
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...sinister event which has occurred in the Middle East since the Egyptian purchase of arms from the Communists." Mourned the Tory Daily Telegraph: "General Glubb represents the last of that group of British individuals including T. E. Lawrence to whom Arab countries of the Middle East owe an incalculable debt...
...fast. The government is now headed by Chief Minister Norman Washington Manley, 62, the West Indies' most successful lawyer before he entered politics in 1938. Under his shrewd eye, Jamaica balances its $60 million annual budget. Money that Britain used to spend to bail the island out of debt is now funneled into "extras" like land development schemes and the newly built University College of the West Indies...
MoPac had wrecked itself by going too fast. After World War I it merged other roads into its system and issued securities to pay for them. When the Depression hit and traffic was cut in half, the road collapsed under a funded debt of $410 million. Unpaid interest rose to $21.5 million, and the road ran out of working capital. More than a dozen classes of security holders and debtors clamored for recognition of their claims, among them rambunctious Robert R. Young, who had inherited 63% of MoPac's common stock when he bought the Alleghany Corp...
...Aware of the tremendous debt I owe to Harvard...
...little or no regulation. The commonest abuse is the consultant's practice of extracting the fee from the first payments, thus leaving the debtor still more in hock. For example, a New Yorker gave the budgeteer $35 a week for three weeks for payments on his $2,000 debt. He then discovered that $80 of the $105 had been diverted to the budgeteer, only $25 to creditors. There are other sharp practices. The Federal Grand Jury in Chicago last year indicted a debt-pool outfit which assessed customers a $75 "survey charge," then sent them next door...