Word: owings
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...debtor nation this year for the first time since 1917. Peter Peterson, former chairman of the Lehman Bros. Kuhn Loeb investment firm and a guest at the TIME board meeting, said that unless action is taken to bring down the deficit and the dollar's value, America could owe foreigners $1 trillion by the end of the decade. Observed Heller: "We're fattening our own standard of living today, at the expense of a leaner diet tomorrow when we have...
Still, as McCoy notes, there is "a very deeply ingrained sentiment--almost a conditioned reflex--in society that we do owe something to the victims of discrimination, and to the heirs of the victims as well." Regardless of any decrees handed down by Supreme Court Justices or Cabinet officers, affirmative action has permeated personnel offices and public bureaucracies. It may be difficult to frame precise formulas to cure past discrimination without discriminating anew. Yet many employers have begun to feel their way to a commonsense approach, trying to hire and promote minorities and women wherever possible without discriminating against white...
...expected to become a debtor nation this year for the first time since 1917. The Institute for International Economics predicts that if the dollar stays strong, the annual U.S. trade deficit could hit $200 billion in 1990. By that time, says the institute, the U.S. could owe foreigners more than $1 trillion...
...Jensen said. "David has farmed all his life. He started milking cows when he was five years old. It's a family-type thing, a way of life. Every time David goes out to drive the tractor now, he leaves a piece of his heart out there." The Jensens owe another $400,000 in mortgages on their land. Their 1,120 acres, on which they have raised mostly wheat for the past 27 years, will be sold at a similar involuntary auction this week...
...never had a better time or felt any better about Harvard," one member said. Concerning the club's financial status, however, he said. "If we owe that much money it's a big deal, but its not a big issue, and someone is blowing it out of proportion...