Word: owe
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Dates: during 2000-2009
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...perspective was echoed by Rashaud A. Senior ’11, who said, “Now they are paying what they owe. They shouldn’t have been so damn greedy...
...case of households, debt rose from about 50% of GDP in 1980 to a peak of 100% in 2006. In other words, households now owe as much as the entire U.S. economy can produce in a year. Much of the increase in debt was used to invest in real estate. The result was a bubble; at its peak, average U.S. house prices were rising at 20% a year. Then - as bubbles always do - it burst. The S&P Case-Shiller index of house prices in 20 cities has been falling since February 2007. And the decline is accelerating. In June...
...their money because of bad judgment about what to invest in? Can I get bailed out when my portfolio tanks? It's a variant on the old saw (often attributed to J. Paul Getty, although I'm sure somebody must have said something like it before him): "If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem." Leveraged financial institutions (banks, investment banks, hedge funds) make investments with lots of borrowed money, so when their portfolios tank they can quickly get into a situation where they...
...more than they had originally bargained: In an agreement announced Sept. 23, the music industry said it planned to adopt a sliding fee scale for free-music-streaming sites; instead of the 9.1 cents per song that is currently paid to songwriters, composers and producers, streaming sites will now owe about 10.5% of their overall profits. For listeners, however, the music will still be 100% free...
...said he complained to prison officials about being lumped in with common criminals on his historic release, and that he felt sad for those who remained behind. "I did not accept their terms for the amnesty. I refused to be one of 9,002," he said. "They owe me a few years." He added that no conditions had been attached to his release...