Word: debtors
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When a private borrower cannot pay back a U.S. Government guaranteed loan, he is declared in default. His credit rating and his good name are ruined. But when the debtor is another nation, especially a sensitive case like Poland, life is more complicated. Amid much internal debate and controversy, the Administration agreed to pay $71 million in January installments on money borrowed by Poland to finance grain purchases, deferring for now the option of declaring the military regime in default...
...Debtor Doctors...
...case-by-case review of loans to Harvard medical students, 24% are in arrears. The university, however, claims that only 5% of medical and dental students with loans are delinquent. One reason for the differing rates: a partial payment, even on a long-overdue loan, can take a debtor off the school's delinquency roll. Last month one graduate made amends by paying $25 on a $1,477 loan that was overdue five years...
This week Nova opened its ninth season with the now familiar topic Computers, Spies and Private Lives. The show's strength came not from its focus but its footwork and such Orwellian touches as the telephone confrontation between a debtor and a mechanized collection agent: "Speak to me. Your response or lack of it will become a permanent part of your record." Next week's show, a more traditional piece on modern efforts to crack the secrets of the great fiddle makers, manages to scoop Scientific American, whose October cover story on the acoustics of violins misses much...
Catlin's last years are a story of disappointed hopes, bad investments and increasingly pressing debts. In 1852 he was briefly jailed as a debtor in London. He was rescued by an American named Joseph Harrison, a manufacturer of locomotives, who paid off Catlin's creditors in exchange for his Indian paintings and artifacts. Harrison shipped the collection back to Philadelphia, where it was stowed in the basement of his boiler factory for 27 years. Catlin spent ten of those years in a small apartment in Brussels, living as a recluse and trying to recoup his fortunes with...