Word: repayments
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Dates: during 1970-1979
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Since Chrysler, by its own reckoning, is now spending at a rate of about $100 million a month, guarantees for even $750 million in new debts (on which interest would have to be paid) will not go very far. Next year the company will have to repay or renegotiate $303 million in European loans and $284 million in U.S. borrowings. The prospects are good that the company, after a hard fight, will win congressional approval for aid in 1979. But the chances are also strong that hungry Chrysler, like Oliver Twist, will return for more some time next year...
...culture they find so bizarre. The Rastas are a national disgrace in the eyes of middle-class Jamaicans. They believe the Rastas are threatening their dream of a unified Jamaica. The Rastas, on the other hand, refuse to participate in politics. They believe that the Jamaican elites must repay them for 400 years of slavery, and send them back to Ethiopia. Harvard's Orlando Patterson, professor of sociology, believes the Rastas can't make it in mainstream Jamaican society, so they isolate and console themselves with a religious illusion which makes them the victims of a corrupt system...
...Mass) proposal for expanding the National Direct Student Loan program. Kennedy suggests that loans go from the banks to the parents instead of to the students. Kennedy also proposes that both the bank-to-student loan and the university-to-student loan be consolidated so that debtors can repay them in one series. These measures are designed to decrease the rising number of defaults on student loans...
Talmadge has conceded some irregularities; indeed, he has offered to repay the Senate $37,000 in expense money that he grants was improperly drawn. But he blames the improprieties on confusion and sloppy bookkeeping by his office staff. He insists that he did not even know until last summer that the Riggs bank account existed...
...waning. Americans are up to their credit cards in debt, with installment and mortgage payments taking 23% of their disposable income, up a full three points since 1975. At the same time, soaring prices for food and energy are eating into paychecks and limiting consumer ability to repay loans and make other purchases...