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...defendants include business executives, lawyers, physicians, and other professionals. Blanchard said the government would seek to attach the wages and bank accounts of those who do not repay their loans...

Author: By Compiled FROM College newspapers, | Title: Delinquent Borrowers | 9/25/1982 | See Source »

Beyond military help, the U.S. has sent entirely as a grant $7.15 billion in economic aid to Israel since its founding, including $806 million in the current fiscal year. Almost all this aid now is used to repay the U.S. for previous military loans. The Administration proposes to give Israel $785 million in economic aid for 1983, but $260 million will have to be repaid at an interest rate of roughly...

Author: /time Magazine | Title: Middle East: Israel's Supply Line | 8/16/1982 | See Source »

...modest oil glut developed in the past year, however, the price of Oklahoma crude started slumping, from a peak of $38 per bbl. to a trough of about $32. Penn Square's once attractive loans suddenly became big burdens for borrowers increasingly unable to repay...

Author: /time Magazine | Title: Oklahoma K.O. | 7/19/1982 | See Source »

...national agricultural production system and the first of 20 planned nuclear reactors. The number of federal bureaucracy employees in Mexico jumped from 1.2 million (a figure that Lopez Portillo had promised to cut) to 1.6 million. To finance his expansion program, Lopez Portillo borrowed heavily abroad, planning to repay the debts with oil revenues, which amounted to $14 billion in 1981. By 1979, it was already becoming clear that Lopez Portillo was seriously overspending, but the self-confident President pushed...

Author: /time Magazine | Title: Mexico: Will the New Broom Sweep Clean? | 7/12/1982 | See Source »

...Reconstruction Finance Corporation to provide longterm, low-interest federal loans so that cities, which find interest rates too high to float municipal bonds, can rebuild bridges, sewers, firehouses, schools and deteriorating mass-transit systems. Such a revolving fund, he said, should "selfdestruct in ten years" as revitalized cities repay the loans. The Rev. Jesse Jackson, founder of Chicago's self-help Operation PUSH, charged that before Reagan, federal programs for the cities were "humane, sensible, broadly based," while under Reagan they are "anti-poor, anti-worker, antiblack, part of a meanness mania against the masses...

Author: /time Magazine | Title: Anger of the Wily Stalkers | 7/5/1982 | See Source »

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