Word: outflowing
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...thrift spiral is finally ending. His list of the worst-off thrifts has stabilized at 204. Moreover, S and Ls in general are starting to soak up much needed deposits again. During the first two months of this year, thrifts absorbed $10.6 billion in new deposits, compared with an outflow of $3.2 billion during that period last year...
...demands a radical solution. "We should not merely ask for higher prices for our rice and vegetables," he says. "We should demand 40% of Guangdong's foreign-exchange earnings. Otherwise we would really become its colony." Some Hunanese have gone so far as blockading the border to prevent the outflow of goods...
...recent months the Egyptian government has quietly begun instituting measures to save water. Since October, outflow from the Aswan dam has been reduced by more than 10%; irrigation water that once flooded more than 250,000 acres of rice fields, or 25% of Egypt's total production, has been cut off. To cope with the anticipated decrease in hydroelectricity, the government plans to add four new gas- and oil-fired electric generating plants to Egypt's overtaxed power system in the next year. Cost: $300 million...
...legal disputes. Among the charges leveled against Swaggart over the years, the most serious was a 1983 accusation that contributions to a children's aid fund went for other purposes. The operation was undoubtedly sloppy, since money raised went into the general fund, and only after 1984 did the outflow of children's aid match the $21.8 million in donations...
Reed was especially worried by the seemingly endless flow of fresh money to major Third World creditors. That cash outflow only served to increase the bank's vulnerability, creating a vicious cycle with which other major banks are also painfully familiar. To reduce that exposure, Reed in 1985 directed that Citicorp begin to build up its offsetting reserves. That year the bank set aside $1.2 billion. Last year the total jumped again, to $1.7 billion...