Word: repays
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Dates: during 1970-1979
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...troubles. Scarcely is one insolvent agency rescued than another pops up. Largely because it has lent so much to the city, New York State has a tough time borrowing money. Four state agencies, financed by the dubious "moral obligation" bonds, are in danger of default. If they cannot repay the $1.5 billion they owe over the next three months, they will become another financial drain on the hard-pressed state. To avert default, David Rockefeller, chairman of Chase Manhattan Bank, said federal aid might have to be given to the agencies...
...courses too difficult. The school by then had already sold the loan to a credit union, which is now trying to collect the $1,500 from the Government. Dr. Ward and his wife Cheryl, a lawyer, declared themselves bankrupt at the start of their careers and thus unable to repay $32,000 in student loans, so the Government was stuck with that bill...
...conservatives, liberals, everyone is going to take a look at that half-billion-dollar default and say, 'Let's get rid of the whole goddam program!'' That would be a tragedy for needy and well-intentioned students-still the great majority-who fully intend to repay their loans, and for the society that needs their educated skills...
...capacity. Unemployment now stands at 1.1 million and could go as high as 1.7 million next year. That is the price the country has had to pay to get down its ruinous rate of inflation -which has fallen from 24% last year to 9.8% in September-and repay its foreign debt. With prices moving more slowly, Prime Minister Moro's government has recently enacted a $6 billion recovery program, and there is a good chance that the Italian economy will begin to climb slowly in mid-1976. The pace of any economic risorgimento will depend on two things: whether...
...Favor. Officers of the bank and the credit unions insist that they apply sound commercial standards in granting or refusing credit. "No women will get loans just because they are women," says McWhinney. "If she cannot repay it, it doesn't do her or the bank a favor to give her the money." McWhinney hopes, however, to show that women are capable of handling credit...