Word: loaning
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TAKE, FOR INSTANCE, the current problem of the loan guarantees. As matters stand now, someone who denounces the link between loans and settlements and who thinks Bush should not meddle in the Israeli election process by humiliating the incumbent will probably be accused of trying to take ethics out of politics. Before we give a cent to Israel, we have to be assured of its moral probity and commitment to human rights...
...Hussein not become a threat to our own economic aims, we would never have heard of his brutality, and the U.S. government would have gone on giving him money. Yet as soon as Israel wants a loan to shelter refugees that no other country will take in, the president begins his moral posturing and the rest of America follows suit...
Every other group is encouraged to celebrate its ethnicity, almost to the point that insisting on a common American culture is considered racist. But in September, Bush appealed to "the American people" to stand by him against the Jewish lobbyists for loan guarantees, whom he portrayed as a hostile foreign power hemming...
...schemes. To settle those charges, the fallen junk-bond king has now agreed to pay $500 million more in a deal that requires the approval of U.S. Judge Milton Pollack in Manhattan. Plaintiffs include the Federal Deposit Insurance Corporation, which alleges Milken helped undermine the savings and loan industry by persuading S&L chairmen to load up on junk bonds that collapsed when the market for the risky IOUs turned sour...
EDUCATION AND JOBS. While Tsongas worries about the cost of capital, Clinton's focus is on human resources. His coherent, systematic approach to improving education at all levels revolves around apprenticeship programs for those who choose not to attend college and a universal loan program that would guarantee a college education to all who want one, in return for an extended repayment schedule or a period of national service. Clinton has also developed a worker- retraining plan that would force companies to spend equally for this purpose. Current worker-training schemes are virtually useless, he notes correctly. "Roughly...