Word: repays
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...inflation worse. When the Government increases Social Security taxes and the minimum wage, and pours on more and more federal regulations, it imposes extra costs that business passes along in higher prices. Finally, inflation seems to have become self-perpetuating. One example: uncertainty about whether a new factory will repay the costs of building it causes business to hold back on investment in new plant and equipment. The lack of investment reduces potential production and output per man-hour, pushing prices up still further...
...PROPOSAL now before the Law School faculty that would make the terms for repayment of student loans easier represents a significant first step toward reducing the pressure on Law School students to seek jobs in high-paying firms. At present, students who will owe the Law School money after graduation must often take jobs enabling them to repay their loans. Effectively, this system discourages--even prevents--many financial aid students from opting for careers in public interest law, generally the least lucrative field of practice. The current financial aid proposal is a laudable attempt to remedy this situation...
...proposal, which "forgives" graduates earning below $15,000 a year of up to 50 per cent of their loans while extending the time in which an alumnus must repay the remainder, is only a first step. While it does free students somewhat to select a career in a low-income field, the proposal leaves major barriers intact. Even with the "forgiveness" policy, a graduate could owe the Law School $7000-$8000--more than half the yearly income of those for whom the proposal is designed...
...proposal applies to graduates earning less than $15,000 a year and calls for the initial allocation of $50,000 to a fund which would absorb up to 50 per cent of a given loan. It would also significantly extend the time in which an alumnus must repay the remainder...
...likely needs." These bold borrowings should be concentrated in German marks, Swiss francs and other surging currencies. In fact, he also urges the U.S. to float Treasury bonds abroad, selling them to banks, mutual funds and other investors in exchange for strong foreign money. The Treasury would guarantee to repay these loans in the same foreign currencies, so that the creditors would risk no loss even if the dollar fell still further...