Word: repay
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...Anchorage Superior Court judge agreed. The judge ordered Cox, who failed to appear at a November hearing, to repay Matson. But last week Superior Court Judge Mark Rowland overturned that decision, giving Cox ten more days to respond. Matson and his attorney were not commenting on the decision. Cox was. Said she: "I am not in any way liable for the decision of a mature gentleman to party with vast amounts of money...
...setting the industrialized world's plants humming with new business, lessening calls for protectionism, and increasing demand for the borrowing nations' commodities. That would sharply improve the economies of the Third World and the East bloc as well and in turn make it easier for them to repay borrowings on time and in full. Says Nicholas Hope, chief of the World Bank's external-debt division: "Trying to solve the debt problem without solving the economic problem is much the same as putting out the fire in the ashtray when the living room is alight...
...that going into debt made economic sense. They borrowed five-year money on the assumption that their economies would grow faster than oil prices. Since the loans were mainly in dollars and inflation in the U.S. was depressing the value of the dollar, the borrowers believed that they could repay loans taken today with cheaper dollars tomorrow. Everywhere, going into debt was seen as the means to put off painful, belt-tightening decisions...
...home that he purchased with cash. He moved there five years ago, when a boil turned gangrenous, a complication of the diabetic condition that disabled him. Since then, Sala has drawn some $26,000 in Social Security and Medicare payments. He was legally entitled to every cent. Yet, to repay that amount and cover an estimated $14,000 in future benefits, he has willed $40,000 from his estate to revert to the financially distressed Social Security system. Says he: "I'm an American, and that's like being born a billionaire." At the Social Security Administration...
Even though Brazil is in desperate need of American help to repay its $72 billion foreign debt, its leaders have made it clear that they will not fight in the President's rhetorical cold war. One Brazilian business leader, anticipating Reagan's wish to exchange economic aid for support of American anti-socialist policies, recently said that "unacceptable or polemical" conditions of aid would be opposed. Other Latin American nations most notably Mexico and Venezuela, have strongly refused to toe that Reagen line on Cuba, Nicaragua and E1 Salvador. They are conspicuously absent from the President's schedule...