Word: defaulting
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...accord ended a precarious situation that had bankers and politicians in both Washington and Buenos Aires holding their breath whenever interest payments came due. For months Argentine Economy Minister Bernardo Grinspun has been shuttling between New York City, Washington and Buenos Aires. Default was avoided twice this year by partial payments or assistance from Argentina's Latin American neighbors. Meanwhile, the country's economy kept deteriorating. Inflation reached an annual rate of 1,200%, and labor unions were pressing for ever higher wages...
...Crimson's one loss came when sophomore Robin Boss sprained her ankle after winning the first game of her second singles match and was forced to default...
...flight, Kathy Vigna teamed with sophomore Robin Boss for a come-from-behind 5-7, 6-2, 6-2 win over William and Mary, Erika Smith and Cyndy Austrian took the 'B' doubles honors by default...
...Kremlin's top diplomat and a flawless record of cleaving to the collective Politburo line. Says Uri Ra'anan, professor at Tufts University Fletcher School of Law and Diplomacy: "I am astounded at Gromyko's authority. He has absolutely no political power base." Agrees Pipes: "By default, he has moved...
...biggest trouble does not even find out who his challenger will be until this week, when Washington State holds its primary. Republican Governor John Spellman, seeking a second term, is a victim of the Washington Public Power Supply System fiasco, popularly called Whoops, which led to the largest default in municipal bond market history. Though many of the misjudgments that caused the default occurred years before Spellman took office, Democrats blame him for failing to exercise sufficient leadership when the regional power authority's problems came to a crisis...