Word: debted
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
They spent even though real personal income declined. Americans fought against the shrinking of their incomes in three ways: they sent more and more spouses to work; they drew down their personal savings; and they plunged more deeply into debt. But these defenses are rapidly being exhausted. Fully 60% of all U.S. women aged 20 to 64 hold paying jobs; not many more housewives are in a position to go to work. Savings have declined since the early 1970s from 7.4% of income to a modern low of 4.3%. Consumer installment credit has surged from $210.8 billion...
...attached Iran's 25% investment in two big German companies, Friedrich Krupp and Deutsche Babcock. Last Tuesday, a day after a terrorist bomb exploded outside the bank's Frankfurt office, Morgan obtained a second court lien on the same assets to cover yet a further Iranian debt. The German bankers had thought they would have first call on these assets if Iran failed to pay some of its German loans...
...most widely known Who work, was a two-record "rock opera" about a deaf, dumb and blind pinball champ who was raised into a kind of pop artifact and rock-'n'-roll godhead. It sold more than 2 million copies, bought the band out of years of accumulated debt from broken instruments, leveled hotel rooms and erratic U.S. touring. It also brought the members of The Who a flash of stateside fame they had not previously known. Before Tommy they had been notorious; now they were celebrities. Also in 1969, The Who appeared at Woodstock. "It was all very lovely...
...faces some hard, unpopular decisions. In essence, Bolivia is broke. A representative of the International Monetary Fund has recommended a devaluation of the Bolivian peso, which is artificially pegged at 20 to the dollar, to help solve a complex of economic problems ranging from severe inflation to a foreign debt of $3 billion. Natusch, unrealistically, had promised to attack these economic woes by raising workers' salaries "without provoking inflation and without devaluing the currency...
...through the perils of a 20-room cave. Computer language is flat and unresonant, and Hunt the Wumpus lacks a certain dash. But a toymaker may say, "Give me a way to display a Wumpus! Make him buzz and light up!" and next Christmas everyone may be going into debt to buy an expensive, electronic Wumpus Wars. By then, civilization as we have already started to forget it will have disappeared beneath a pile of spent alkaline cells...