Word: default
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...fight. In the next match, it sent out Jim Bennett, the Ivy League's first NCAA champion in 16 years. He completely toyed with outmatched Harvard wrestler Tom Bixby, who left the mat with a serious shoulder injury after several minutes. Yale was awarded six points for the default, cutting the Crimson lead...
...private banks and has only lately caught up with the help of the International Monetary Fund. Other copper exporters, including Zambia, Chile and Peru, might seek extensions of their loans. Bankers emphasize that a stretchout of repayment schedules by no means implies that the loans will eventually go into default, but the banks will have to wait to get their money back...
...much of Wriston's wit seems funny in print: the effect of his remarks depends heavily on the arched eyebrow and quizzical expression accompanying them-and on a thorough knowledge of the context. Discussing the Penn Central's default on bank loans, he once quipped that the railroad's management "couldn't be equated with Boy Scouts"-a crack that can be fully appreciated only by someone who knows that the line's officers and directors agreed to an out-of-court settlement on shareholders' charges of fiscal mismanagement. Faced once by contradictory accusations...
...things that didn't happen in 1975 were as important--and sometimes more important--than those that did. There was no bloodbath in Vietnam after the fall of Saigon. The world's economy did not collapse. The Arabs didn't buy Disneyland. New York City did not default--although no one is sure. Neither Kissinger nor Moynihan returned to Harvard and we didn't get the Kennedy Library...
...city hospitals. They ought to reduce the size of the police force--all kinds of things." But Ford's acceptance of a $2.3 billion loan guarantee bill will make such reforms unlikely, if not impossible: "The federal government, by aiding them, has accepted the thesis that default is unthinkable. That's giving New York a license to steal, because they can always say, 'Well, I'm going to default...