Word: staving
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Hoping to stave off liquidation and gain time to arrange new financing, Intra had asked Lebanon's Commercial Court for a three-year grace period in which to repay all of its depositors. Going over Intra's books, the judges found a host of "irregularities." Among them: about 75% of its $156 million in outstanding loans had been made to Intra insiders on "virtually nonexistent" collateral. The court declared Intra bankrupt and took control of the property of its directors, including that of ex-Chief Yusif Bedas, who is now in Brazil. Pending a decision on an appeal...
...even of some European nations. Certainly today's rulers have serious problems. Greece's young King Constantine is at loggerheads with the politicians in a country where politics is played like karate (a sport at which Constantine excels). Jordan's Hussein is doing his best to stave off antimonarchist rioters instigated by his leftist neighbors, Syria and the United Arab Republic. Only last week the new African nation Burundi ended the 400-year-long tribal rule of King Ntare...
Monday, November 14 RAT PATROL (ABC, 8:30-9 p.m.). Enemies become allies when Germans join with Rat Patrol Raiders to stave off an Arab attack...
...food-rich West has enough conventional resources to stave off starvation on less fortunate continents long enough for existing farm technology-plus increasing birth control-to restore the balance between food and people. What then? Says Harvard's Revelle: "One cannot go to India without feeling that the average Indian is a prisoner of biology and environment. The problem of development is giving these human beings the freedom they need. They will use it very well." America's fabulous farm underpinnings have conferred that freedom-and power-on its people. With carrot and stick, the U.S. now offers...
Heath will succeed Walter W. Heller, former chairman of the President's Council of Economic Advisers, as Godkin Lecturer. At Harvard last March, Heller call- ed on President Johnson to raise taxes to stave off inflation. In his last lecture, the University of Minnesota professor outlined for the first time his much-discussed plan to disburse a small percentage of federal income tax revenues to the states