Word: growth
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Dates: during 1980-1989
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...continue the seemingly interminable cycle of stretched-out loans and infusions of cash that have so far characterized the debt tango. At the same time, Citicorp's move could jar the Reagan Administration's so-called Baker Initiative to ease the international debt problem by encouraging moderate Third World growth through measured dollops of additional loans. Citicorp's decision to set aside funds puts pressure on other heavily exposed U.S. banks to do likewise. That policy, in turn, could help push up interest rates as the institutions seek to recover the costs of their set-asides...
...debt-negotiating sessions is unlikely to decrease, since the conditions of many Third World countries is, if anything, more parlous. Most debtors have fallen victim to a general sluggishness in the world economy, which has reduced their export income and thus their ability to pay. "Lack of economic growth in the U.S. and abroad is the real time bomb," says John Heimann, vice chairman of Merrill Lynch's Capital Markets Group...
...additional lending to Latin America and other developing regions. Certainly the Reagan Administration has reason to be concerned at that eventuality. The Administration's Baker Initiative calls for $20 billion in private loans to be issued to the Third World over the next three years in order to foster growth. The program has been slow to get rolling. Said one Manhattan economic consultant: "Some bankers believe Reed has killed the Baker Initiative...
...long sojourn underground, subsisting on sap in tree rootlets, the cicada nymph passes through five growth stages, or instars, each of which ends with the insect throwing off its carapace. About two months before it is ready to emerge, the nymph tunnels its way upward, lying at the surface and building a protective earthen turret if the ground is too damp. This final rest stop is truly character building: it apparently enables the insect to develop adult claws and flight muscles to help it cope with life aboveground. "Their bodies undergo a major transformation, especially of muscle structure," says Miller...
Pollster Vilen Ivanov said he found that Soviet workers feel Gorbachev's economic reforms have so far meant more work, less growth and lower incomes. "The worker's job has not yet undergone any radical change in character, organization or pay," Ivanov told Izvestia. Still, when people were asked their overall view on Gorbachev's economic policies, 90% declared their full support, and only .6% expressed opposition...