Word: owing
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...centerpiece of the celebration, an exhibition entitled "Man of the Century," will run from May 15 to Sept. 25 at the Christian Dior Museum. Located in the designer's beloved childhood home, a delightful 19th century cliff-top villa of which he once wrote, "My life and my style owe nearly everything to its site and architecture," the show explores Dior's designs and influences, featuring early fashions and the artwork that inspired him. Also on display will be original garments from the 22 haute couture collections that Dior presented in the decade before his sudden death from a heart...
...payments. Indeed, the U.S. Government last week suspended new aid to Peru because of a law requiring a cutoff of funds to countries that are more than a year in arrears. But his policy might set a dangerous precedent: if such debtors as Mexico, Brazil and Argentina, which together owe more than $200 billion, were to limit payments to a fraction of export earnings, many large U.S. banks might face a squeeze on profits...
California's hugely popular new lottery (first-month revenues: more than $240 million) has provided a bonanza to the state. Winners' names are run through computers to determine whether they owe money for such things as income taxes and student loans. So far, 60 people have had their winnings reduced by $94,000 to help pay off debts. The state will reap far more when winners of $10,000 to $2 million are announced. Most vulnerable are the 300,000 people, mostly fathers, who owe more than $1.3 billion in child support. For them, and for recipients of food stamps...
...centerpiece of the celebration, an exhibition entitled "Man of the Century," will run from May 15 to Sept. 25 at the Christian Dior Museum. Located in the designer's beloved childhood home - a delightful 19th century cliff-top villa - of which he once wrote, "My life and my style owe nearly everything to its site and architecture," the show explores Dior's designs and influences, featuring early fashions and the artwork that inspired him. Also on show will be original garments from the 22 haute couture collections that Dior presented in the decade before his sudden death from a heart...
...banks have only $6 billion on loan to debt-ridden Africa, the most depressed part of the developing world. But the 42 countries of sub-Saharan Africa owe a total of $80 billion, mostly to foreign governments and organizations like the World Bank. Because of the low prices that African nations are receiving for such key exports as coffee, tea and oil, they cannot import enough food for their drought-stricken populations, much less make payments on foreign debt...