Word: interests
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Dates: during 1980-1989
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Another focal point of scientific interest is Neptune's rings. Indirect evidence suggests that they exist, but as arcs rather than true rings. Voyager's photographs may help explain how they formed. The space probe will also examine reddish Triton, whose methane atmosphere is believed to overlie a surface puddled with liquid nitrogen...
...Mexican accord is the first concrete result of U.S. Treasury Secretary Nicholas Brady's four-month campaign to break the impasse on Third World debt by persuading commercial banks to accept some cuts in the principal or interest rates of their loans. Brady's predecessor, James Baker, whose 1985 debt plan provided for no such relief, had failed to ease the problem. With the Mexican accord in hand, Brady hopes that similar agreements between the banks and other developing countries may soon be worked...
Under the new scheme, the commercial banks will have three options. They may cut the outstanding balance of their Mexican loans by 35%, reduce the interest on such loans from a floating rate (which has ranged from 9% to 14% and is currently 9.5%) to a fixed level of 6.25%, or provide a 25% increase in credit over the next four years. The 15 commercial institutions that took part in the negotiations hold the majority of Mexico's commercial-bank debt. But for the plan to be effective, the banks will have the tough task of persuading 500 of their...
...told, the plan may provide Mexico with about $4 billion in loan reductions, $6 billion in interest-rate reductions and $2.5 billion in new credits. That is much less than the 55% debt relief, or $29.7 billion, that Mexico originally asked for. Under the new agreement, "we shall not see spectacular results from night to morning," Salinas acknowledged in his broadcast. But the agreement produced an almost immediate benefit in restoring some confidence in Mexico's financial stability. Domestic interest rates, which had risen to 56% this year, have fallen 20 percentage points in the past three weeks because financiers...
...actual secession from the Soviet Union. The Supreme Soviet seems powerfully aware of the danger. Although the enabling laws granting autonomy to the republics will not be submitted to the Parliament until October, other aggrieved national groups are already eyeing the same reward. Delegates from the Ukraine have expressed interest in the proposal, and Moscow Deputy Fyodor Burlatsky suggested that the "historic" experiment on the Baltic might provide a model for all 15 Soviet republics...