Word: defaulters
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Dates: during 1970-1979
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...monetarists are in control, and they have tied President Carter's hands as well. He couldn't come up with an anti-inflation policy of his own that businessmen wouldn't laugh at, so he's stuck with Volcker's by default. And we will suffer, in the coming months, through the recession that will, undoubtedly, cause the "drop in living standards" Volcker and businessmen everywhere prattle about, with all the compassion of a Hammurabi...
YALE at COLUMBIA--New York may well default after this one: Yale...
...Milky Way chocolate bars. A part-time enforcer for Joe Hobo, a.k.a. Joe Hoboken, a.k.a. Joseph lacovelli, the simian Karpstein is a semidemented Jew whose appeal to his Italian bosses lies in the imagination and diligence he brings to his work. He would as soon see his creditors default as pay, for the added diversion of carving them up. But Milky is also an independent Shylock, one of the biggest and most ruthless around, as Maas describes with relish. Sure, he can advance Flynn $12,500 for 30 days in return for $20,000 in on-the-dot weekly payments...
...weak $800 million in June. The figure now is still lower, and stock analysts predict that it could shortly fall below $600 million. That would violate the fine print of the company's 1977 revolving credit agreement with some 180 banks and could place it in technical default on $567 million in debt...
...they are simply enforcing the laws and the Constitution. "Judges, unlike Presidents, Congressmen and lawyers, cannot generate their own business," says Federal Judge Prentice Marshall, who halted discriminatory hiring and promotion practices in the Chicago police department despite Mayor Richard Daley's vow to fight the decision. Whether by default or design, the judiciary increasingly has the last word on important social questions...