Word: repay
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Dukakis has tried hard to make an issue of the middle-class squeeze. He has proposed programs to relieve specific discontents. One would give students the rest of their lives to repay their college loans; another would require employers to buy health insurance for 22 million workers who have none. Bush, too, has seen the need to cater to the middle class. Last week he announced a plan that would allow savers to deposit $1,000 a year in accounts that would pay tax-deferred interest. Dukakis responded by waving a crumpled $20 bill to represent the amount an average...
...might do in office. Bush's two major recent policy addresses -- on the environment and on foreign-policy goals -- were recycled versions of earlier speeches gussied up with new applause lines. Dukakis won front-page headlines for his innovative, if poorly detailed, proposal to allow college students to repay their loans through a small surcharge on their lifetime earnings. But the idea was not quite the policy breakthrough that the campaign claimed; Dukakis had already outlined the proposal in speeches last April...
...Premier Michel Rocard announced that Paris was re-establishing diplomatic relations with Tehran after a hiatus of ten months, a move promised by ex-Premier Jacques Chirac's government in exchange for Iran's help in freeing the French captives. In addition, the agreement allegedly called for France to repay as much as $1 billion on an outstanding loan made by Iran. While refusing to confirm the secret details of his predecessor's deal with Tehran, Rocard declared, "France gave its word. It will be kept...
...patent for the mouse would cause severe harm to medical science. An important financial incentive that drives biotechnology research in academia and industry would be removed. The money that goes to the doctor and to Harvard is not expected to amount to all that much--but it does repay the researcher for his time and effort and the University for its facilities. And this is money that would be plowed back into research work and laboratory facilities in the cause of medical science...
...mean something as serious as costly medical expenses. They must also pay a 10% penalty to retrieve their funds. One way to withdraw the money without paying the penalty is to borrow against one's 401(k) savings. But employees must pay market-rate interest (currently about 9%) and repay the loan within five to ten years...