Word: spent
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Around the world the U.S. is confronted by the plight of poor but friendly countries that have borrowed heavily and spent unwisely. A traditional American approach has been to make new loans so that the debtors can repay old ones. Debt forgiveness, by any name, has always been anathema, since most of the borrowed money comes from private banks whose directors and shareholders are not in the forgiveness business...
Welcome as the Brady plan is, it may end up being foiled for the most ironic of reasons: the U.S.'s mismanagement of its own economy. Under the arch- Republican Ronald Reagan, the U.S. spent so much more than it collected in revenues that it became the world's No. 1 debtor. Says C. Fred Bergsten, the director of the Institute for International Economics in Washington: "The richest country in the world is competing with the poorest for the pool of available capital. American indebtedness tends to drive up U.S. interest rates, which in turn drives up the cost...
With an open congressional seat beckoning, George decided to try politics in 1978. He won the Republican primary over a more experienced rival. But in the general election Bush faced a Democrat as conservative as he and one who had spent his entire life in the district. Bush's Ivy League education became a cultural liability. He lost by 6 points. By the mid-1980s the oil industry's downward cycle had made capital increasingly difficult to come by for smaller operators. So he agreed to merge his outfit with Harken Energy...
...worst problem created by the Israeli school shutdown, ironically enough, has been anti-Israeli violence. Without the routine of the schoolroom, many boys and girls have spent the idle months caught up in the intifadeh, | congregating on street corners instead of in classrooms. "My first challenge will be trying to make my students act and behave like students and not like rebels," says Ramadan, a teacher in Hebron, just 20 miles from Jerusalem. To help promote order, the Israeli army has promised to stay clear of school grounds. But few Palestinians trust the military to keep its word; fewer still...
...newly skeptical Congress that has become increasingly alarmed over the plane's horrendous cost. By the Air Force's own calculations, each of the 132 B-2s it wants will cost more than $530 million, a total of $70.2 billion over the next decade. Already $23 billion has been spent on research and development. How, Congressmen wonder, can the most expensive weapons system ever built be reconciled with a shrinking defense budget...