Word: pay
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Dates: during 1970-1979
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They obtain an I-20 form from a college certifying that they can speak or will learn English, that they have adequate academic credentials and that they can pay their way. With the I-20, they are able to get a student visa. They can then complete their education in the U.S. provided they remain enrolled full time. But many become illegal by dropping out, taking a job or staying on after graduation...
...high finance. While Iranian officials openly delighted in the chaos they were creating, the acting Finance and Foreign Minister threatened to renege on his government's debts to foreign banks and other creditors the world over. Renouncing previous pledges of payment, Abol Hassan Banisadr declared: "We will not pay back these debts. How can we repay loans that former plunderers received from their foreign accomplices and put back into the accomplices' banks?" He put the debts at "$15 billion, possibly more...
...money in U.S. banks, some of the counterthreats from Tehran have been plainly bluster. "We have the dollar by the throat," chortled Banisadr. Not quite. Though the National Iranian Oil Co. announced that it no longer will accept dollars for oil, Iran needs the U.S. currency to pay for imports of everything from Australian wheat to Japanese machinery, which are all priced in dollars in international trading. Iran's oil exports, which have been declining in recent weeks, amount to about $70 million daily, only a fraction of the more than $150 billion that normally changes hands every...
...been trying to induce other members of the OPEC cartel to refuse payment for oil in dollars and instead to demand a "basket" of other currencies, presumably West German marks, Swiss and French francs, and Japanese yen. In fact, there is not nearly enough of these currencies available to pay for the huge oil transactions, and European and Japanese governments would wind up unavoidably having to expand their money supplies in a most inflationary way to accommodate the deals. Fortunately, the Saudis and other oil producers plan to continue accepting dollars. To ban them would cause the U.S. currency...
...their loans to Iran. The possibility became more acute last week. That was because of an action by an eleven-member international financing syndicate headed by the Chase Manhattan Bank. The syndicate voted to declare a $500 million loan to Iran in default for failure by Tehran to pay some $4 million in interest charges. The Iranian central bank retorted that it had instructed the Chase to transfer the needed funds from an Iranian account in New York to Chase's London branch where the interest was owed, but that the U.S.'s freezing of its assets...