Word: lending
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Since then, the zero option has become even more of a millstone around the Administration's neck. Because zero is absolute, it does not lend itself to compromise, especially in an Administration where arms control is, at best, highly suspect The prevailing view, represented most forcefully in closed-door meetings by Perle, has remained that no agreement is better than a bad agreement and any agreement that leaves the Soviets with any SS-20s is a bad agreement...
...that his remoteness from the musicians was a factor in the labor dispute that shut down the company for eleven weeks in 1980. The charge obviously wounds him, and he takes pains to deny it. "The house is so big," he says, "that it doesn't lend itself to a family feeling. But I think we perhaps misjudged the extent of feelings. For months I didn't sleep at night. I would wake up and think, 'What did I do wrong today?' " Now, he says, "I would try to settle a dispute before it gets...
This production initiates an admirable transatlantic lend-lease plan between Joseph Papp's Public Theater and Britain's Royal Court Theater. As might be expected, the entire cast is best-of-breed...
...largest levels in memory. In West Germany, the national banking supervisory agency is understood to have informally recommended that banks "write down," or unofficially write off, 40% of their sovereign risk loans. Matters are less critical in Japan, where the Ministry of Finance makes certain that banks do not lend more than 30% of their capital overseas. But even Japanese banks, which had a total of $81 billion in international loans outstanding in 1981, suffer formidable exposure...
...Banks lend to Brazil, as to any borrower, out of confidence that they will be repaid. When that faith erodes, for whatever reason, some banks call loans as they come due or balk at granting new ones. Since Brazil, like other borrowers, is accustomed to "rolling over" its debt - lately it has been borrowing perhaps $1 billion a month for every $400 million it repays - any pulling back by lenders threatens to throw the nation into default. Last week that almost happened...