Word: lents
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Dates: during 1980-1989
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...long do you think the Federal Government and the banks can pull the wool over our eyes? The banks that lent money to Latin American countries knew there was a good chance those countries would default [ECONOMY & BUSINESS, July 2]. They also knew that the U.S. Government would help them out with our tax dollars. Citizens should tell our Government to stop bailing out the banks. Jan Theiss Guffey San Jose, Calif...
Last week's action was almost a replay of the one at the end of the March quarter, when Argentina faced another deadline on paying interest. At that time, four Latin American countries lent Argentina $300 million and commercial banks supplied an additional $100 million. Argentina has now been granted a postponement to the end of this month to pay back the $300 million and to Oct. 1 for the rest...
...speech to government ministers of his Latin American neighbors. His rousing rhetoric referred not to war or natural disaster but to something equally momentous: Latin America's $350 billion debt burden. Since the beginning of the year, the pressure on both the borrowers and the American banks that lent them much of the money has grown sharply. A 2% jump in interest rates has hit Latin countries with a potential increase of $5 billion in annual interest payments. Meanwhile, big-city banks in the U.S. have taken a beating on Wall Street as investors grow more worried about whether...
Argentina's complaints about the tough IMF measures failed to earn the country much sympathy last week from Latin neighbors. The nation drew criticism from Colombian Finance Minister Edgar Gutiérrez Castro, whose government lent Argentina $50 million last March. Bankers and international officials attack Argentina's stance as an act of political bravura. Says a World Bank economist: "They are handling the debt the way they were handling the Falklands war. They see themselves as the center of the universe...
...million and sweetened the deal with 500,000 Snickers bars and 500,000 bags of M & Ms candies. Levi Strauss will put clothes on all 700 U.S. athletes and coaches plus some 40,000 staffers at the Games, from Ueberroth down to the parking-lot attendants. IBM has lent 200 of its Personal Computers and 190 word processors, among other gear...