Word: risked
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Dates: during 1970-1979
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...attempt to nip speculation by raising the discount rate a full percentage point from 5% to 6%. The nation's banks in 1929 had built up a pyramid of foreign debt. National City Bank judged that Peru had a "bad debt record, adverse moral and political risk, bad internal debt situation"-and then lent the country $90 million that was soon defaulted. Wall Street banks today have $48.7 billion in loans outstanding to Peru and other oil-poor developing countries. Consumers in the '20s had just discovered the installment plan and were plunging into debt to buy radios...
Acting on the advice of a Harvard attorney, the masters cracked down because they risk prosecution under the higher drinking age laws if they allow happy hours, William H. Bossert '59, master of Lowell House, said recently...
...Azores to meet with French President Georges Pompidou. It was symptomatic of the internal relationships of the Nixon Administration that neither the Secretary of State nor of Defense nor any representative of their departments attended this crucial meeting, where, as it turned out, the first decision to risk war in the triangular Soviet-Chinese-American relationship was taken...
...real risk of the tangibles scramble is the impact that it has on the economy as a whole. By encouraging an at titude of buy now before the price goes up, panicky consumers are making further and even steeper price increases virtually inevitable. Yet people are not about to change their attitudes until inflation itself is brought under effective control. If that does not happen, the nation may some day discover that "basket of currencies" does not mean merely francs, marks and yen but also, perhaps, bullion, baubles and condos...
...more must boost his pay by 16% to 19% this year alone. If high inflation persists, further raises would be necessary in subsequent years. Yet a company that gave increases of this size would not only be violating the Administration's 7% pay guideline but might also risk cleaning out its treasury...