Word: defaulters
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ARRESTED. GIANCARLO PARRETTI, 58, fugitive financier; near Orvieto, Italy. Parretti, whose $1.3 billion takeover of MGM in 1990 and subsequent default on an $888 million loan nearly destroyed the company, fled the U.S. in 1996 after being convicted of perjury and evidence tampering...
...official leaders at all. Former co-chair Ethel B. Branch '01 resigned last fall, and the term of the co-chair she left behind, Sujit M. Raman '00, has since expired. With no one to take over the group, Raman now describes himself as the sole co-chair "by default...
...future benefits, and the size of the trust fund might influence its decision whether to do so. But neither the trust fund's size nor what the money is invested in is affected in any way by the government's non-Social Security budget. If the government were to default on its bonds, the trust fund would suffer a loss and (though there is no necessary legal connection) payments might have to be reduced. And a larger government deficit makes a default more likely. But the chance of the government's defaulting either on its bonds or its Social Security...
...greater controls. But at this point IMF aid to Russia isn?t even passing through Russian hands ?- it?s simply being transferred from one IMF account to another, because the international body is giving Russia only enough to service its debt to the IMF in order to prevent a default that could destabilize global financial markets...
Biomed never appeared in court to defend itself, and Harvard won by default...