Word: repaid
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Dates: during 1990-1999
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...board members conceded that Hollings' numbers were correct but strongly quarreled with his interpretations. Kasich, Munnell and Secretary of the Treasury Lawrence Summers all insisted that internal-transfer payments do not burden the government as a whole; it is the $3.5 trillion borrowed from the public that must be repaid or refinanced...
Dismissed, said the prime minister to the general. But within hours, the general had repaid the compliment, and Pakistan was back under military rule after an 11-year democratic interlude. Prime Minister Nawaz Sharif found himself under house arrest Tuesday after military units surrounded his residence and took control of key facilities all over the country. The coup followed Nawaz?s decision earlier in the day to fire armed forces chief General Parvez Musharaf. "The conflict between the generals and Nawaz dates back to the prime minister?s decision in the summer, under pressure from Washington, to order his army...
Home-equity loans are available at fixed or variable interest rates. Householders can borrow a lump sum or set up a revolving line of credit that they can tap into as they please; amounts repaid can be borrowed again. Though such loans were once used for home expansions and remodelings, today's householders are borrowing for all sorts of purposes. Among them...
...making. Competition has knocked down interest rates, and thus more people can pay down debt. Annual interest income has grown from $52 billion in '96 to $58 billion last year, while charges have risen twice as fast, from $798 billion to $975 billion. In March consumers repaid some 15% of their outstanding balances, a 10-year record, according to Moody's Investors Service. "Since they can't get it at the front end, they get it at the back end," says Robert McKinley, CEO of CardWeb.com "It's a fee frenzy, and a backlash may be brewing...
...debt--remains badly out of sync. Many Japanese companies are still chugging along as if it were 1981, complete with overweight overheads, inefficient manufacturing systems and "jobs for life." Japan's banks, long loaded with bad debt, have yet to write off many loans they know will never be repaid. And the nation's public finances--badly strained by years of gigantic "stimulus" packages--are also in a worrisome state. The government is borrowing at a feverish pace, adding $1.5 billion in debt each day. But in the minds of investors, these arguments, solid as they...