Word: loans
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Dates: during 1980-1989
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Countries frequently stimulate exports by giving grants or loans to foreign governments. A Japanese-led consortium landed a $550 million contract to build a bridge across the Bosporus strait because Japan agreed to give Turkey a 25- year, $205 million loan at 5% interest. A French firm used government financing to close a deal to put up a $160 million fertilizer plant in Thailand...
...that bank into DeLorean's personal account at New York's Citibank. Of that amount, the indictment says, DeLorean used $7.5 million to buy Utah-based Logan Manufacturing, which makes equipment for maintaining ski slopes. He allegedly used the remaining $1.4 million for personal expenses and repayment of a loan. All the while, DeLorean and his then wife Model Cristina Ferrare enjoyed a lavish life-style, which included a 25-room mansion in Bedminster, N.J., a 48-acre ranch in San Diego County and a 20-room apartment on Fifth Avenue overlooking New York City's Central Park...
...budget deficit was about 8% of total economic output for 1985, instead of 5.3%. Since Mexico has not met the fund's terms, it would normally not be allowed to draw on a $900 million line of credit that remains from a three-year $3.4 billion IMF loan. "We could never have complied with that deficit requirement, even before this tragedy," Mexican Economist Clemente Ruiz Duran said the day after the first earthquake. "Now it's even less realistic." The IMF may agree. Late last week the U.S. State Department suggested that any suspension of IMF loans would "undoubtedly...
...obvious question is: how much is "a lot of money." I shall answer this in two ways. The first is simply, "a lot" is relative and depends on a number of variables including general family income, general personal income, family demands and responsibilities, student loan requirements...
Thought you could get away with defaulting unnoticed on your federal student loan? Think again. The U.S. Department of Education announced that they would send letters notifying more than 80,000 students who have defaulted on federal loans that their income tax refunds could be seized to pay off the debt. Twenty-one thousand federally sponsored student loans to Harvard students, totalling $80,000, are outstanding, University officials said...