Word: owings
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Trade protectionism prevents developing nations from paying bloated debts to Western bankers. The Third World owed more than $258 billion to Western governments and banks by the end of 1977, according to the World Bank. Brazil alone, the second largest Third World debtor, owed $19.3 billion at the end of 1977. As John Maynard Keynes once apocryphally said, if you owe the bank 100 pounds sterling it's your problem, but if you owe the bank 100,000 pounds sterling, it's the bank's problem. Western policymakers cannot afford to neglect the needs of their bankers' debtors when formulating...
...must then be redeemed by the love of--or more accurately, through sex with--yet another man. Women characters are not nearly so well drawn as the men, never as courageous or introspective or just plain deep. When the women are strong and serious, their virtues owe nothing to their own struggles, but result from serving men, being hurt by them or sharing their turmoil...
...Peru and other oil-poor developing countries. Consumers in the '20s had just discovered the installment plan and were plunging into debt to buy radios, refrigerators and that new Model A from Henry Ford. Their grandchildren now have "plastic money" in the form of credit cards and owe $292.5 billion. The '20s real estate boom was centered in Florida, had created millionaires and seemed to prove, then as now, that one rarely loses money buying land. Even President Carter's insistence last week that the U.S. had a "good solid economy" stirred echoes of Herbert Hoover, another...
Methods aside, McMahon draws on a more direct connection between his work as a professor and his writing. Gordon McKay, protagonist of McKay's Bees, is a familiar name in Harvard science departments. About 50 scientists, including almost the whole faculty of Engineering and Applied Sciences Department, owe their livelihood to his very large endowment. McMahon, one of the flock, pays tribute with his novel--"90 per cent of the book is lies about Gordon McKay," he says, though the last chapter, in which McKay returns to Cambridge, makes a fortune in shoe manufacturing, and befriends several Harvard faculty members...
...when Israel became a state, or in 1967, when Israel moved into the West Bank and Gaza, are dispersed all over the Middle East, in Jordan, in the Emirates, in Saudi Arabia, in Syria, in Lebanon where the guerillas of the Palestine Liberation Organization (PLO) are located. Some Palestinians owe their allegiance to the state in which they live; others recognize the PLO as their spokesman; the allegiance of the Palestinians of the West Bank--which was part of Jordan between 1948 and 1967--is the stake of a contest between the PLO and Jordan. The PLO itself...