Word: loan
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Dates: during 1980-1989
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While Bennett became the vocal point man for the Reagan Administration as it attempted to slash student loan programs and shift the burden from grants to loans, Cavazos has publicly disagreed with such a policy and has said that he will "do everything I can to get the best funding possible for the Department of Education." He has also advocated an increase in Pell Grants to low-income students--a move that most experts view as vital to reducing defaults on federal loans...
Ronald Winston, son of the founder, last week did not deny these borrowings but insisted that there was "no ongoing program" of loans to Mrs. Reagan. Crispen also said there was "no ongoing program" of jewelry loans, contending that 1981 was the last occasion of such a loan to Mrs. Reagan...
...Reagan announced on Jan. 14, 1982, that she would consider the dresses accepted in 1981 as loans. Beyond that, she would select the best and give them to 13 museums to promote the fashion industry. According to the selected museums, the last such donation was in 1982. In February of that year she said she had told all her favorite designers that she would no longer accept any dresses on loan. The First Lady does not appear to have kept that promise...
...sixties, Eddie Adams photographed Nguyen Ngoc Loan as he pulled a trigger inches from a Vietcong prisoner's head. Images of war's ravages in the Middle East, the deadly effects of the Union Carbide gas leak in Bhopal, India, and the Challenger explosion have all been presented to the public eye. Our heart strings have been pulled, but our limits may have been reached. Larry Burrows, a war photographer who covered the Vietnam War, said it best: "What's the hardest thing of all? It's to keep feeling. Yet if you feel too much... you'd crack...
...federal budget deficit, we could see another steep decline of the dollar, a spurt in interest rates, a break in bond prices and a new plunge in the stock market. Major securities firms could have their capital seriously impaired by portfolio losses in their stock and bond inventories. Ultimately, loan defaults by Third World countries, financial and real estate firms, overleveraged companies and other borrowers could produce a banking crisis...