Word: repay
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Dates: during 1980-1989
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...Sawyer had formed the nucleus of his gang while coaching a Little League team about seven years ago. The gang members said he plied them, when they were only ten to twelve years old, with cash and drugs. By 1981 a growing circle of young men felt obliged to repay Sawyer's largesse. Working out of his apartment, Sawyer organized them into a roving gang responsible for at least 23 holdups in 18 months that netted more than $81,000. FBI agents and police finally closed in during a savings-and-loan robbery last August...
...exercised its right to buy the shares. Therefore, Chrysler Treasurer Frederick Zuckerman last week appeared before the Loan Guarantee Board in Washington and asked the Government to forgo its right to buy the stock. The company, which two weeks ago announced that it was about to repay $400 million of the Government-guaranteed loans, argued that it would have to float a new stock issue to provide the shares for the Government. The result of that action, Chrysler claimed, would be to dilute the value of its existing shares by nearly 13%, which would affect all shareholders, including company officers...
Chrysler to repay $400 million
Washington backed $1.2 billion in loans from banks and other lenders to Chrysler in 1980 and 1981 to spare it from bankruptcy. The company dropped $3.48 billion from 1978 through 1981, the worst corporate loss in U.S. history. Though Chrysler does not have to repay the loans until 1990, its officials now hope to clear the $800 million balance by 1985. That would save the company a bundle; next month's $400 million payment alone will mean a saving of $31 million in interest annually...
...vegetable exports in the past three years, canning, asphalt and concrete-block plants, a 12% drop in dependence on food imports and a 50% increase in fresh-water production since the 1979 coup. The government even managed a $2.5 million surplus in 1982, half of which went to repay the country's past debts. Social tranquillity has appeared: the major crime in Grenada is "praedial larceny," the theft of garden vegetables. Some of the government's highest marks, in fact, come from its chief critics. "I would vote for them if they trusted us with a free vote...