Word: generousity
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Dates: during 1980-1989
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TRACY CHAPMAN: TRACY CHAPMAN (Elektra). Forthright, angry new folk music from a 24-year-old Bostonian. Short on subtlety, maybe, but supple and generous of heart...
...over Central America has centered on how to bring democracy to the region. The Reagan administration claims to be trying to do just that; its critics say that the means subvert the ends. But if we remember Vietnam, it may just be that Reagan administration opponents have been too generous. The chaos and destruction which have enveloped Central America may not be the sad costs of a misguided effort on behalf of freedom. Instead, they may be the result of a cold and calculating policy that holds that weak neighbors make good neighbors...
...says Victor Roy, a Louisiana banking lawyer, when "suing a bank was ! like suing the Pope." While the increase in lawsuits can be attributed in part to growing litigiousness, some bankers have themselves to blame. In the early 1980s, lenders aggressively sought new borrowers in farming and oil, pushing generous loans under the presumption that the good times would keep on rolling. But when the bottom fell out of petroleum and commodity prices, many ventures were unable to meet payments. In some cases panicky bank officers intervened too harshly, giving borrowers grounds...
...School Dean James Vorenberg '49 resigned last week with an impressive record; however, recent events show that it is time for new leadership. He can be proud of the stamp he has left on the Law School, particularly in the generous loan forgiveness program for students who enter public service. Vorenberg's attempts to hire more women and minority professors are both laudable and have set out an agenda for the next dean...
...Western joint ventures in the East bloc has surged from just five in 1981 to 166 last year. Hungary leads the Soviet bloc in joint ventures, with 140 formed since 1972. Western firms are allowed to own the majority share of a venture in Hungary, and sometimes receive generous tax breaks. Yugoslavia, the first East European country to seek joint ventures with the West, has formed 225 since 1967. One of the largest: a $62 million auto-parts plant co-owned by General Motors. In Belgrade the first McDonald's in Eastern Europe has been drawing more than...