Word: overhang
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...resale in the Soviet Union for rubles. While some economists dismiss this as a palliative, it could bring several benefits. The goods -- clothing, household electronics, large items like autos -- could be sold at whatever the market would bear. This would absorb much of the $670 billion of savings "overhang" locked up in banks or stashed away at home because Soviet shoppers can find nothing worth buying. Sopping up that excess cash would make subsequent restructuring, from price reform to the convertibility of the ruble, less likely to produce hyperinflation...
More important, the Soviet Union has a glut of cash, a so-called monetary overhang, which has ballooned under Mikhail Gorbachev because the Soviet government has run increasingly large budget deficits to maintain social peace by subsidizing prices for essential goods and services. The government prints more money to cover the gap, which in a free-market economy would increase inflation. But under the severe price controls of a command economy, the money has no place to go but under the mattress. Jan Vanous, research director of PlanEcon, a Washington-based consulting firm, estimates that...
What looked like two '60s leftovers huddled beneath an overhang of the Centrum, trying to escape the cold drizzle. Bearded and bedraggled, they each held small flowered signs which read, "I need one ticket." They joked with each other, and didn't seem the slightest bit worried abuot getting in. At a Grateful Dead concert, things just seem to work themselves out. Later on, I saw both of them inside...
Following the collapse of a granite slab from the overhang outside Pusey Library last spring, the Facilities Maintenance Department is conducting an extensive overhaul of the structure to ensure its safety...
Twenty-seven years of Harvard Square history came to an end last Friday when Hurricane Gloria knocked the Harvard Coop's large red neon sign from its resting place atop the Coop and Harvard Trust overhang...