Word: lowering
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Dates: during 1980-1989
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Under Cambridge's system of proportional representation, it is important to vote for several candidates. In the late stages of the vote count, third, fourth and lower-choice votes can mean the difference between victory and defeat for a candidate. We strongly urge you to vote for all of these candidates...
...poor? In the bleak and bitter outskirts of Buenos Aires, thousands of people stand in line every morning, eyes glazed by hunger, clamoring for government handouts. The residents of most lower-class neighborhoods have had to fend for themselves. In the city's northern barrio of San Fernando, Ever Ponce, 30, and his brother Miguel, 37, work as shelf clerks in a supermarket and try to make ends meet with second jobs as painters at a private airport. Hard-pressed as they are, in recent months they helped organize a soup kitchen for their hunger-crazed neighbors, lining up donations...
...plight of Latin America's middle and lower classes is a radical reversal from the sunny days of the 1960s and early '70s, when the region's rapid economic growth offered the hope of broad-based prosperity. When the countries' heavy debt burdens triggered inflation and stagnation in the 1980s, most Latin American families began sliding rapidly into hardship. This year Mexico's annual inflation rate is running at 17% (down from 52% last year), Argentina's, 3,500% (up from 388%) and Brazil's, 1,600% (up from 934%). Perversely, the rich have helped perpetuate the economic malaise...
Parodi suggested that bankers allow his countryto pay back its debt at "secondary market rates,"which range as low as 15 percent of the value oforiginal loans. The drastically lower ratesreflect Ecuador's actual ability to pay, as wellas market rates for problem loans that lenderstransfer among themselves, Parodi said...
...should been called the Wall Street Forum. All those pinstripes and ties in one building can give a guy a headache. Could this be the only thing that Harvard prepares you for? A Metro North commuter ride into New York, a 9-to-5 job in lower Manhattan and two tickets to the theatre? Say it ain't so, Derek...