Word: repaying
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...sociologist does not consider that it is not affirmative action which is flawed, but rather the rationale provided by some of its supporters. The Jewish student and Beer are right in rejecting any notion that the current generation of white Americans have a responsibility to repay Black Americans for past injustices. Even those Americans whose forefathers were in the United States during Jim Crow and slavery cannot be held accountable for the discrimination of their ancestors, in which they played no part...
...increase in defaults as debt rates rise faster than students are able to repay loans...
...problems of debtor countries have been compounded by sluggish growth rates that cripple their ability to repay loans. The troubled nations must boost export sales to raise more money, but that has grown increasingly difficult. One hindrance has been the rise of protectionist sentiment in the industrial world. Another is the falling price of many Third World exports, ranging from coffee to copper and tin. Mexico, which depends on oil for most of its export income, has suffered a 13.5% drop in petroleum sales this year...
...Faber said, in addition to needing to repay loans, "It's very hard to [choose to] make a difference in people's lives instead of driving a Mercedes or going to Australia for Christmas...
...effort. When her borrowings reached $40,000 on top of a $65,000 mortgage, Chambre, who was earning $35,000 a year, decided that it was time to stop. "For four months I could hardly sleep," she recalled, "worrying about the trouble I was in." Her solution was to repay the loans by working seven-day weeks for more than two years and curtailing expenses. Gone now are the twice-yearly European vacations, the expensive athletic club membership and the shopping binges in designer boutiques. Gone also is her nonmortgage debt. Says Chambre: "I'm so glad that chapter...