Word: owing
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Dates: during 1970-1979
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...much greater role in American business than ever before, certain things never change. Big business might well be a game, but it is not played with Monopoly money, and at the end of the year people still have to look at the bottom line and see how much they owe the kitty. It simply does not seem realistic to claim, as Maccoby does, that...
...danger of sinking. In the House he can count on the support of Speaker Tip O'Neill. He has no such ally in the upper chamber. Not only is Byrd more aloof and elusive than O'Neill, but the Senate barons who control the important committees owe nothing to Carter, and in some cases are hostile. Where the President needs the most strength, he is the weakest. John Sparkman, chairman of the Senate Foreign Relations Committee, is 77 and too exhausted to lead the forces for the Panama Canal Treaty, which would relinquish control of the waterway...
...Coastwatchers of the Solomons, the author traveled 40,000 miles (including a rugged three-day bivouac on Guadalcanal) to assemble this story of the men and women who flashed reports of Japanese ship and plane movements and rescued more than 100 downed pilots. A number of foundering sailors also owe their lives to the coastwatchers. One was a 26-year-old lieutenant (j.g.) named John Fitzgerald Kennedy, whose torpedo boat had been karate-chopped by the hull of a Japanese destroyer...
...their wildly unrealistic demands, made at the start of the North-South dialogue 18 months ago, involving a "new international economic order" that would bring about a fundamental, massive transfer of wealth from North to South. The developing nations also demanded debt relief on the $180 billion they owe to industrial nations and an indexing of oil and commodity prices...
...Surpluses. The quickening flow of loans to those LDCS that do not produce oil is particularly bothersome. A study by Morgan Guaranty Trust Co. shows that net new international borrowing by these countries leaped by $109 billion from only 1974 through 1976. In all, the non-oil LDCS now owe about $180 billion. Such a huge expansion of overseas lending, mostly by private American financial institutions, heightens the possibility of a series of defaults that could cause panic to spread through international banking. So far, banks have managed to avoid this danger by renewing the loans or stretching out payments...