Word: repay
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Still, defense of the pound, which finances a third of the world's trade, is the first order of business. And last week Chancellor of the Exchequer James Callaghan told Parliament that by Dec. 2, Britain will repay on schedule the remaining $871 million of a $1 billion sterling-defense loan from the International Monetary Fund...
...Filthy Soviet revisionist swine!" cried the Peking People's Daily. In Moscow itself, the Chinese charge d'affaires, An Chih-yuan, called his hosts "paper tigers" and warned ominously: "The day will come when we will make the Soviet revisionists repay their blood debts." Since Mao Tse-tung launched his Cultural Revolution, the scale of invective that has long marked relations between Red China and the Soviet Union has risen to new heights of shrillness. Last week, however, even the versatile Chinese language, which lends itself naturally to invective and exaggeration, seemed hardly equal to the task...
Hoping to stave off liquidation and gain time to arrange new financing, Intra had asked Lebanon's Commercial Court for a three-year grace period in which to repay all of its depositors. Going over Intra's books, the judges found a host of "irregularities." Among them: about 75% of its $156 million in outstanding loans had been made to Intra insiders on "virtually nonexistent" collateral. The court declared Intra bankrupt and took control of the property of its directors, including that of ex-Chief Yusif Bedas, who is now in Brazil. Pending a decision on an appeal...
Easy Terms. For all three men, the Federal Government supplied the funds that enabled them to start their own businesses. With finances too meager for them to qualify for ordinary bank loans, they borrowed their capital on easier terms (51% interest, up to 15 years to repay) than many a blue-chip corporation could arrange amid today's tight-money pinch. The loans came from the Small Business Administration under Title IV of the 1964 antipoverty law, which aims at helping the poor in depressed neighborhoods to become self-employed and to put struggling little firms on a sounder...
Beyond this immediate concern is the question of Harvard's responsibility to Cambridge. Cambridge has made many concessions to Harvard and M.I.T. over the years. Just allowing itself to be nibbled away is ample concession in itself. If Harvard and M.I.T. want to repay Cambridge, there could be no better way than this. Housing is what the City needs, and housing is something the two schools can support if they want...