Word: pay
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Dates: during 1970-1979
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Another purpose of Hua's call was to rebuild the trade links with industrial nations that have weakened since the Peking Politburo concluded that the rapid "four modernizations" program of Vice Premier Deng Xiaoping exceeded China's capacity to pay for it. In the past eight months, Peking has canceled or postponed billions of dollars worth of orders from Japanese, American and European companies. The retrenchment has proved particularly disturbing to France, which ranked as China's fourth largest trading partner in 1976. By last year it had slipped to eighth place and prospects for improvement diminished...
Already the cost of money for almost all purposes is soaring. Federal Home Loan Bank Board Chairman Jay Janis predicts that mortgage rates, which now average 11.5% nationwide, could reach 14% by January. Meanwhile, the ability of consumers to pay for costlier credit, oil and everything else is rapidly declining. Washington Economic Consultant Michael Evans calculates that inflation and the rising tax bite have reduced the spendable income of a family of four earning $20,000 annually by $1,000 so far this year. If consumers suddenly begin closing up their wallets and pocketbooks, as they are expected to, inventories...
...other business, the assembly will solicit reservations from Tuesday to Thursday for a train it is running to New Haven, Conn., for The Game November 17. Round-trip cost to students is $23.75. The assembly needs at least 500 students to pay before it can rent the Amtrak train...
However, the students have to pay for everything for themselves. The club charges $20 to pay for the referees and union dues. The money also goes towards the cost of the beer...
HHAC is raising the money on behalf of Oxfam-America, the domestic branch of an international relief organization, and of Catholic Relief Services, an arm of the Catholic Church. The funds will pay for the purchase and distribution of food and supplies for Cambodians in their nation and in refugee camps in Thailand...