Word: poorness
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Dates: during 1970-1979
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This process, known as petrodollar recycling, has pushed up the debts of the less developed nations to $300 billion. Many nations are so weighed down with debt that bankers are growing wary of lending them more. Yet if they cannot borrow, poor countries will have trouble importing more oil. Without energy, their economies will slump, exports will shrivel, and they may default on existing loans. At the extreme, that would threaten some of the lending banks with failure, and the U.S. Federal Reserve would have to push the money printing presses into overdrive to bail them out by advancing huge...
...office reported, "It seemed as if no one really knew what they should be doing and how to accomplish it." The regional staff seemed unable to gather basic information on dumpsites, sample hazardous materials, or even follow elementary safety precautions; several staff members were injured and hospitalized because of poor sampling methods. To make matters worse, "material documenting hazardous conditions at waste facilities have been sitting in files for years," says branch chief Kaufman. "It would look very bad for these officials if they came to light now," he adds...
Without the therapy, the Shah's prospects are poor; untreated, cancers like his can kill their victims in 18 months...
...debate municipal issues publicly, rather than holding all discussions behind closed doors, as the old council did. It will be less attentive to downtown business interests, may be less anxious to annex white suburban areas until services in the center city improve, and will surely be more solicitous of poor areas. Vows Ernest McGowen, a black mailman who will represent Houston's northeast section: "People in office haven't heard from this side of town, but they will...
...Kenya's chief executive, Arap Moi faces many unsolved problems. Housing is poor: in some cities, families crowd into a single room with no toilet or kitchen and pay $60 a month for the privilege. Jobs are scarce, inflation is running at 11%, and Kenya's export earnings are down as a result of a drastic drop in world prices for coffee and tea over the past two years. At the same time, Kenya's population is expected to double by the end of the century, which may make it impossible to raise living standards...