Word: defers
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Dates: during 1970-1979
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...dollars that the world is awash with them, and their value has been tumbling. Nobody knows how Turkey Zaire, Peru and many other impecunious countries will ever pay back their loans to Citibank, Chase or the rest of the big U.S. lenders. The debtor countries, pleading poverty, could indefinitely defer repayment. Then the Federal Reserve Board would have to cover those bad debts, meaning that the U.S. taxpayer would finance the bailout. Says Zombanakis: "We have created a system in which almost the entire debt of the world rests on the Federal Reserve...
...particularly elusive subject, but Clarke discovered the chairman of CBS to be gracious and cooperative. Their 1½-hour meeting took place in Paley's office, a "wonderfully opulent but understated room," according to the TIME visitor, with paintings by Picasso and Rouault and a chemin defer table from Paris now used as a desk and, for this occasion, a tape recorder. "I asked Paley if he minded if I used my tape recorder," says Clarke. " 'No,' he replied, 'as long as you don't mind if I use mine.' Later, he asked...
Secondly, I object to the 'glorification' of individuals like Mr. Yates by the media. The Crimson has chosen to make a hero of Mr. Yates for an action which was not only irresponsible but illegal. Mr. Yates poses the question: "Why should I have to defer to someone else's definition of acceptable risk?" The answer lies in the moral values which underpin our system of law: the belief that human life is sacred and, therefore, the individual is not free to sacrifice...
...affected by my actions, there should be no need for the government to interfere. I judged myself capable of completing the climb and willing to accept the risk of injury or failure. Who else is as familiar as I with my own competence, and why should I have to defer to someone else's definition of acceptable risk...
...There are so few that we end up bidding against each other to recruit them. It would be far more sensible to start out by trying to increase the pool of minorities and women qualified for these jobs." Chicago's Johnson frets that Congress's move to defer mandatory retirement age to 70, beginning in 1982, will prevent Chicago from hiring 100 new assistant professors during the following five years. Says he: "It's going to turn every school into more of a geriatric ward, and that is not good for higher education...