Word: loan
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...Western diplomat. "Some people living in the heart of Guizhou province now see the evening news, with film from Beirut and New York. Three years ago, they did not know anybody lived on the other side of the nearest hill." In Yunnan province, Liang Weifeng got a state bank loan of $965 to buy a two-wheel tractor; he earned enough hauling firewood, bricks and grain for his neighbors to pay off the loan in eight months. Liang now clears about $1,660 a year from his business, which his wife Su Yongchang supplements with about $230 earned by raising...
...attribute the turnaround to Schwarzenegger?s return to the centrist persona that got him elected. He has made a show of distancing himself from the unpopular President Bush, including rejecting a White House request to boost the number of California National Guardsmen patrolling the border. Schwarzenegger also extended a loan to fund stem cell research in the state following a Bush veto of a federal funding bill. Additionally, he has worked with the Democratic-controlled legislature to get four bond proposals on the fall ballot intended to finance his multibillion-dollar infrastructure overhaul plan. Then there was the surprise windfall...
DANIEL MEDLEY, manager of British children's museum Wookey Hole Caves, on why a museum guard dog suddenly ripped apart hundreds of teddy bears in a $900,000 exhibit--including a bear reportedly worth $75,000 that once belonged to Elvis Presley and was on loan from a British aristocrat...
Bush had no sooner given the congressional action the thumbs-down than Governor Arnold Schwarzenegger, left, stepped forward and pledged a $150 million state loan to sponsor the fledgling California Institute for Regenerative Medicine, which is the state agency responsible for funding stem-cell research. Good news for supporters, right? Maybe...
Schwarzenegger reaped short-term political rewards by making the $150 million bridge loan. Defying an unpopular Republican President, the re-election-minded Governor is burnishing his moderate image. But if the state's stem-cell law is ultimately struck down, the loan can't be repaid, and the Governor will have to answer for gambling with $150 million when the state has a $4.1 billion operating deficit. It's all enough to make Washington look civilized...