Word: moratorium
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Dates: during 1980-1989
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...crackdown was sparked by a petition drive mounted by opposition leaders. Its aim: revision of the 1980 South Korean constitution to allow direct election of the President, instead of the current electoral-college system, which allegedly favors Chun's ruling party. Chun, for his part, wants a moratorium on political reform until after the 1988 Olympics in Seoul. Scoffs Kim Young Sam: "To say that the nation should absorb all the government madness until 1988 is to say that Korea could go to pieces after the Olympics...
...debt has piled up to $214 billion, more than the combined foreign debt of Mexico, Argentina, and Brazil, she says, arguing that "It is sad that we can let these countries off the hook" while the government sends foreclosure notices to American farms. Kelley, who proposes a three-year moratorium on farm foreclosures, says that next month the government will send out 65,000 foreclosure notices...
...country's citizens have grown increasingly restive about the austerity measures that were imposed by the government of President Miguel de la Madrid to meet debt payments. About 35,000 people joined a protest march last week in Mexico City. Said one banner: MORATORIUM ON THE DEBT. THE PEOPLE HAVE HAD ENOUGH. By comparison, Venezuela's President Jamie Lusinchi should experience less trauma because his country's debt, at $35 billion, is smaller...
...reluctant Scrooge is Arnold Thomas, 32, who heads the local office of the Farmers Home Administration. He has the unpleasant duty, as the agent of the Federal Government's lender of last resort, to foreclose on farmers who cannot keep up their debt payments. After a two-year moratorium on foreclosures, Thomas is now sending out letters politely advising farmers on how to avoid default through loan reschedulings, reamortization, even voluntary liquidation. "It bothers me to foreclose," says Thomas. "If it didn't, you wouldn't be human. I try to leave my job at the office. Otherwise...
...midst of the January 24 moratorium on classes, Williams addressed the problems of racial and social intolerances at a campus forum where the president was in attendance. Referring to a promise of improved racial atmosphere the president made to one Black student considering a transfer, Williams told McLaughlin "You failed...