Word: defaulting
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...long do you think the Federal Government and the banks can pull the wool over our eyes? The banks that lent money to Latin American countries knew there was a good chance those countries would default [ECONOMY & BUSINESS, July 2]. They also knew that the U.S. Government would help them out with our tax dollars. Citizens should tell our Government to stop bailing out the banks. Jan Theiss Guffey San Jose, Calif...
...stop construction on a nuclear project that is already $3.25 billion over budget, while local companies and state officials debated whether to save the plant. In New York, nearly 4,000 maintenance workers went on strike over wages against troubled Long Island Lighting, which is on the brink of default, the first ever in the 74-year history of the utility. Lilco Chairman William Catacosinos has bluntly stated that the company could be "forced into involuntary bankruptcy" next week...
...agony of default may lie in the perception of what the Olympics were meant to be and not in what they have become. It seems questionable to criticize the U.S.S.R. for exercising a freedom of choice we have already used. Politics has been a part of the Games for decades; perhaps the best we can do is recognize this and learn to deal with...
...more than two years American bankers have been concerned that a Latin American nation would default on its loans. Pedro-Pablo Kuczynski, president of First Boston International and former Minister of Energy and Mines in Peru, has warned, "One of the smaller Latin American countries defaulting could set off a chain reaction." Last week Bolivia, though a mere mouse of a debtor by international standards, looked as if it could be the mouse that roared. The economically ailing country said that it will temporarily suspend repayment of its $3.4 billion in foreign loans, including some $680 million owed to Western...
...first unit at Seabrook and prevent the bankruptcy of the plant's leading owner. Public Service Co. of New Hampshire. Work on the two-unit power plant had been halted in April when Public Service ran out of money and announced that it was on the brink of default...