Word: defaulting
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Dates: during 1950-1959
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...Good War Record." West Germans also enjoy two other competitive advantages. One is the aggressive trade policies of their own government. To help foster West German exports, the Federal Republic sponsors an insurance organization called Hermes, which offers exporters a guarantee against default by their customers. Thanks to Hermes (which has so far committed $600 million to underwriting Mideastern deals alone), West German businessmen can often offer credit to customers whom other Western businessmen must pass up as bad risks. Sometimes the Bonn government steps in directly to help. West Germany is about to give the Greek government $150 million...
MacKay and Buchholz will meet for the right to go into the finals against Spain's Andres Gimeno, who advanced through Olmedo's default...
...voter, for grasping the bigger issues and returning a mandate for congressional leadership in the face of presidential default...
...success of long-term loans at low rates in use today indicates that such a plan would work, asserted Harris. "M.I.T. has a terrific loan plan, with only one per cent default in 25 years," he pointed out. The Business School's program, which depends "on moral obligation," is another instance of such a plan's effectiveness, Harris said. The system, he maintained, should prove to be "the most effective way of getting tuition...
...land is still poor and only 50,000 Frenchmen live there. Not for years will the $550 million poured in since 1948 begin to pay off-but there are riches to be found, and France seems determined not to let this vast remnant of its empire go by default, or to make the same mistakes that led to Algeria...