Word: hocke
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...18th quarter, fears are rising about how long the magic can last. Suddenly, alarms are sounding louder than ever that those handy piles of debt are taking on the messy proportions of a potential crisis. Individuals, corporations and even Uncle Sam himself are, to put it bluntly, in hock as never before in history. To many concerned experts, the question is not whether but how much the mountainous burden of debt is threatening the economy and the future welfare of every American...
Individuals, corporations and even Uncle Sam himself are, to put it bluntly, in hock as never before in history. Time' s Board of Economists warns that the debts, while still manageable, threaten the economy and the future welfare of every American. -- Pan Am, desperately seeking survival, considers putting its shuttle up for sale. -- London' s messy stock- trading scandal...
...will be poorer as a nation because of this, or rather we will get richer more slowly," said Feldstein. The trade-off is that even if Americans have to buy fewer Japanese videocassette recorders and German BMWs, a more modest dollar will prevent the U.S. from going disastrously into hock by the end of the decade...
...reorganized development office is also expected to solicit donations for Harvard's sore spots. Major renovations to the Radcliffe Quad houses have yet to be completed, and the University is already $780 million in hock for the fix-up job. But gifts to academic programs are more appealing; no one has lent a name and the necessary $7 to $10 million to renovate the last unnamed upperclass residence, North House...
...would have been better spent elsewhere, or perhaps not at all. Many Canadians are also alarmed because the fair is expected to run up a $225 million deficit. Says Lewis Booth, an insurance agent in Vancouver: "At the end of the fair, we'll find we're all in hock up to our ears...