Word: loan
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During the 1970s, creditors like the International Monetary Fund (IMF) and the World Bank were flush with “petrol dollars,” profits generated by the OPEC oil monopoly. In a display of remarkable unrestraint, these creditors pushed questionable loans on developing countries. Prominent among the loan recipients were a cast of unscrupulous dictators who used the easy cash to pad their Swiss bank accounts and repress their own citizens. Selfless leaders like Mubutu of Zaire, Marcos of the Philippines, Suharto of Indonesia, and Idi Amin of Uganda may no longer be in power, but thanks...
...raft of loans (with interest rates as low as 3.5%) offered by Thailand's state-owned banks have helped her turn her fortunes around. She took out a personal loan, with which she consolidated her credit card debt; she used another to buy her car; and now she's applied for a mortgage to pay for the apartment. Soon she will open her own IT consultancy. Never mind that interest rates might rise, that the property market might fall, or that Wacharee earns a modest $1,500 a month. To her, and millions of other Thais, the good times...
...working. "By giving [the poor] access to capital, we have given them the chance to show that they are capable of imagination and expansion," says Chakramon Phasukvanich, secretary-general of the National Economic and Social Development Board, a governmental planning agency. Finance Minister Suchart Jaovisidha says concerns that loans to farmers would load the sector with even more debt have proved unwarranted: "It's been very successful. About 97% of loans have been paid back. It's much better than giving loans to businesses where the risk is much higher." But critics believe the government-loan statistics don't tell...
...king of right-wing radio enlightens his listeners--20 million a week--with what he cheerfully boasts is "talent on loan from God." Now God may want it back. Rush Limbaugh, whose huge popularity spawned a multimedia industry of conserva-talk, is in two kinds of trouble: one because of something he said; the other, potentially more damaging, because of something said about...
...remaining two-thirds of the price of the installation—about $250,000—was contributed by the Harvard Green Campus Initiative (HGCI) through an interest-free loan...