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...wrenching and novel process of converting command economies into free markets will make things even worse for at least a while. Poland's courageous total-immersion reform plan, begun Jan. 1, is expected to reduce workers' wages by 20% from their already desperate levels. Poland begins this experiment owing $40 billion to the West from the disastrous 1970s. Yugoslavia, Hungary and East Germany owe about $20 billion apiece...

Author: /time Magazine | Title: Essay: We Gave at the Office | 2/19/1990 | See Source »

...people with financial problems, Televerket has introduced a one-way telephone service that allows them to receive calls but not make them. Delinquent customers who are thus spared the embarrassment of their callers' hearing a message that the number has been disconnected agree to pay the money they owe on an installment plan. Televerket is starting the service, which has already been tested by a few local phone companies, in part because unemployment has reached nearly 5%, a record high for Norway. Compassion has its limits, however. The company does not offer the arrangement to customers with a long history...

Author: /time Magazine | Title: COMMUNICATIONS: Better Yet, You Call Me | 2/12/1990 | See Source »

...count?" Blades rejoins. "You owe me. What are we going...

Author: /time Magazine | Title: RUBEN BLADES: Singer, Actor, Politico | 1/29/1990 | See Source »

...John as you know I am cast in the pit of despair, wondering what I am meant to do and if I am doing the right thing--should I sell the damn place and solve all my problems, but some stubborn streak makes me keep holding on. Man I owe thousands of pounds, about sixteen thousand in all. How the hell do I get out of this mess tell me, please do, and yet I still nurture a dream to make this place into somewhere the jobless and homeless wandering about the place could come and get back on their...

Author: NO WRITER ATTRIBUTED | Title: Letters from a Friend | 1/22/1990 | See Source »

...ALWAYS wondered how federal policymakers could be so oblivious to the size of the national debt. The United States now owe banks and foreign countries about $3 trillion, constituting a large chunk of our Gross National Product. Each year we spend more than $130 billion in interest payments on the debt--money America could otherwise use to solve several major national problems...

Author: By Joshua M. Sharfstein, | Title: National Debt and Hair Loss | 12/7/1989 | See Source »

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