Word: debts
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Dates: during 1990-1999
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...sell. The Bank of England offloaded 25 tons on Tuesday, dragging the price of gold down to a 20-year low. And there's worse to come, as the International Monetary Fund proceeds with plans to sell $2.6 billion of its own gold reserves to raise money for debt relief to poor countries...
STUDENT DISCOUNT More than 2 million students with federal loans can now get reduced interest rates by rolling their IOUs together and repaying them electronically. Students with a $10,000 debt and a 10-year repayment plan will save more than $500 on average by consolidating their loans before they start to come due and allowing Washington to collect payments automatically...
Bellman, who also served as a proctor in Mower Hall, led the FOP program for five years during a time in which the program rose out of debt...
...schedule in January 1986. As prices cratered, those who had been using their oil reserves as collateral defaulted to the banks. Midland's economy folded like a bad poker hand. Bush had always followed conservative business practices, and since he'd had his network of investors to tap, his debt exposure was less than that of many others. He took a 25% pay cut, and his staff took smaller ones. But soon he realized that unless he found a buyer, it was just a matter of time before Spectrum died...
...shot at getting their money back. Texas-based Harken Oil & Gas (now known as Harken Energy Corp.) had been buying up troubled independents on the cheap, and Spectrum fit the profile. In one six-month period before the acquisition, Spectrum lost $402,000. It was $3 million in debt, with no hope of attracting a dollar for new drilling. On Sept. 30, 1986, less than three months after Bush's 40th birthday, Harken swooped in with an angelic deal. In exchange for Bush's 14.9% stake in Spectrum, he would receive Harken stock worth some $320,000--his first real...