Word: friedel
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Dates: during 1980-1989
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...want to teach, and I want a full salary," Friedel said...
...surprisingly, bank officers are beginning to draw grim little circles around those areas of the globe that they no longer consider good credit risks. Reports TIME'S European economic correspondent Friedel Ungeheuer from Brussels: "In black Africa, no nation with the possible exception of Nigeria, an oil exporter, is still considered a good credit bet. Apart from Singapore, New Zealand, Australia, Taiwan, and Malaysia, all of the Far East is out. In South America, only Brazil and Venezuela, another major oil producer, can still count on jumbo loans. For most of the developing world, the borrowing spree is just...