Word: defaulting
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...Last week also, the world's top money men met behind closed doors in Manhattan to discuss the rising debt crisis. Anthony M. Solomon, president of the New York Federal Reserve Bank and host of the session, has been warning that rising interest rates could push countries toward default. He has proposed that private banks set a limit on the interest rates they charge Third World debtors. Present at the meeting: IMF Managing Director Jacques de Larosière, who has brought the banks and the IMF together to rescue countries most in danger of default...
...discovered that it could not bypass the department's internal succession rules but must go through confirmation hearings for a permanent replacement. So unless Meese decides to step aside or Smith agrees not to, the acting Attorney General for much of the 1984 election year will be, by default, the department's third-ranking official, Associate Attorney General D. Lowell Jensen...
...with the U.S. She is also among the Reagan Administration's best friends. I had to tell her that the President was thinking of going beyond the pipeline sanctions. It was possible he would impose a total embargo on the Soviet Union, even call the Polish debt into default...
...must not let our future pass by default to the neutralists, pacifists and neoisolationists who systematically seek to undermine all joint efforts. The nations bordering the North Atlantic need above all faith in themselves and the will to resist the siren calls...
Eight student organizations that requested grants would receive no money at all, if the proposed budget is adopted next week. The Currier House Drama Society's request for $400 for a spring play was rejected because of the group's default on a $700 fall loan, council members said...