Word: loan
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Dates: during 1990-1999
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MOSCOW, RUSSIA: The head of the International Monetary Fund, Michel Camdessus, approved a $10 billion three-year loan to Russia on Thursday. The loan, which must still be approved by the IMF board, is intended to support Russian economic reforms. It includes measures to help Russia control the budget deficit, lower inflation, and stabilize the exchange rate. Russian government planners have been counting on the loan for some time, and have already factored billions from the IMF into future budget predictions. The loan comes at a convenient time. Russia's economy is heavily burdened by the cost of the Chechnya...
...years before the riots, Payne's insurance policy was canceled because he was in a "geographically undesirable location." Like some 66% of those who applied after the riots, he managed to get a Small Business Administration construction loan, for $212,700. When he began searching for the additional $1.2 million he needed to complete construction and stock his businesses with inventory, however, he hit a wall. Payne spent his life savings of $100,000, plus an additional borrowed $85,000, on building permits, blueprints, and the like, but could not get a city-sponsored loan because, he believes...
When First Interstate Bank, which last month merged with Wells Fargo to create the second largest bank in California, also turned him down, Payne wrote a letter to the Federal Reserve Bank threatening to file a complaint of redlining (loan discrimination against minority neighborhoods). First Interstate then offered $585,000, on the condition that Payne put up his lot and $100,000 of his mother's property as collateral. Even so, Payne is still about $350,000 shy of what he needs to begin construction--and losing ground. Vacant, the land is declining in value. "It puts the applicant...
Stephanopoulos cited such recent legislation as the motor-voter bill, the national direct student loan program and AmeriCorps...
...case of Hillary Rodham Clinton, glimpses of the shadow appeared the moment Jeff Gerth's article in The New York Times was printed on March 8, 1992, the first investigative report questioning the Clintons' involvement with Madison Guaranty Savings & Loan and the Whitewater Development Company. This report marked the beginning of the end for Mrs. Clinton, during which she would gradually be subjected to the grueling fate of a suspect politician. Her political competence, integrity and trustworthiness were instantly colored by the doubt the media channeled to the public...