Word: drain
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Dates: during 1980-1989
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...panelists said that the flow of money out of debtor nations is one of the causes of their current financial troubles. One reason for the money drain is that "privileged elites" take these loans and re-invest them in the U.S. for personal profit, said Professor of Economics Jeffrey D. Sachs...
...critics of the city's actions disagreed, saying that the Cambridge should not be involved in immigration policymaking and that the resolution would only attract aliens who would drain the city's resources. Although the city manager was directed to provide social services to all refugees, local school and hospital officials said they were already opening their doors to illegal aliens...
...good to have the facts in order to refute those who feel universities are a drain on local economies," Harvard Financial Vice President Thomas O'Brien said. Private universities, including Harvard, often draw criticism from town governments because as non-profit institutions they are exempt from property taxes...
...search of better yields. IRAs invested in stocks typically earned a 26% return last year. "We're clobbering the banks. It looks like the tables have turned," boasts Gary Strum, first vice president in charge of pension services for E.F. Hutton. Thrift institutions in particular have suffered a drain. Their share of IRAs has fallen from 54% in 1982 to 28% today...
State Rep. Thomas Gallagher, a candidate for U.S. Congress, spoke against a "brain drain" caused by diversion of the university's intellecutual resources away from areas like medicine and pure scientific research and into weapons development...