Word: indebtedness
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Thatcher read the 17-point economic communiqué on Saturday at the City of London's 600-year-old Guildhall. Acknowledging that the West's economies were recovering, the document called for measures that would both create new jobs and spread the benefits of growth. It noted with...
Drinking more heavily than ever, Barclay goes on the run from Tucker's persistent badgering ("I am a moving target," Golding has written in a confessional essay describing his own pursuit by eager scholars). Tucker tracks his prey to a resort in the Swiss Alps and makes his pitch...
Metzenbaum remained skeptical of Meese's insistence that the loans had nothing to do with McKean's selection on July 31, 1981, to become a member of the Postal Service board of governors. McKean had not been on a formal list of candidates for the part-time position...
The major private lender to developing countries is Citicorp, which has lent $4.4 billion to Brazil alone. In all, the nine biggest American banks have provided some $70 billion to the most heavily indebted countries, including more than $42 billion to those in Latin America.
Just to judge from the opposing lineups, it looked like a fierce but unequal contest. On one side stood President Reagan, Federal Reserve Chairman Paul Volcker and many of the mightiest bankers in the U.S. and abroad. On the other side was an unusual left-right coalition that included religious...