Word: indebtedness
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Dates: during 1980-1989
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Warburg Professor of Economics Emeritus John Kenneth Galbraith is indebted to the Harvard Band for more than its music.
The Law School took a giant step last week in fulfilling that responsibility. But law students aren't the only students burdened with mounds of debt after graduation. Many graduates of the College are also so financially strained that they simply cannot afford to take a public service job. In...
If OPEC somehow sticks to its agreement and prices keep rising, heavily indebted petroleum-producing nations like Mexico and Venezuela would clearly enjoy a boon. The production cut would also help the oil-patch states in the U.S., which felt the pinch as the price of Texas-grade oil fell...
But for most farmers, the problem is a lack of customers. Foreign sales of U.S. farm products have faltered because dozens of countries from Brazil to China have become more self-sufficient, while heavily indebted Third World nations lack the money to buy significant imports. This year total U.S. farm...
Under Conable's predecessor, A.W. Clausen, policy lending had started to become a substantial part of World Bank activity. In the past year Clausen, a former BankAmerica chairman, oversaw a 47% increase in the bank's lending to the ten most highly indebted countries in the world. By contrast, overall...