Word: stretch-out
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...underdeveloped countries (even though its oil-price increases have hurt those nations more than the industrial countries). The idea was, in effect, to use the threat of another oil-price hike as a club to get the industrial countries to agree to the Third World's demands: a stretch-out of debt repayments and higher prices for non-oil commodities...
...folly is not so unique," observes an American businessman in Kinshasa, the capital. Third World countries as a group have piled up a foreign debt that is estimated to be as high as $150 billion; international conferences resound with cries for a moratorium or stretch-out of repayments on a large part of that debt. By mid-1976 U.S. banks alone had some $30 billion in outstanding loans to five nations-Argentina, Brazil, Mexico, Peru and Indonesia-that are considered potential problem debtors. The Zaïrian debacle increases doubts about how much of the Third World debt will continue...
...deaf. "Hello," she signals, "I'm Carol McEvoy, an interpreter. I'm using sign language to help those with impaired hearing understand this message from Western Air Lines." As an unseen announcer goes into his voice-over pitch, McEvoy's hands signal the message: "There is stretch-out comfort of first-class leg space at every seat." Scenes of passengers stretching out in flight materialize on a screen just over McEvoy's left shoulder. This word-sign and picture technique continues in the commercial-the first TV promotion aimed at breaking the silence barrier...
...Chilean government in 1970. In Paris, no agreement has been reached with the 16 nations to whom Chile owes $2.5 billion (including more than $1 billion to the U.S.). Although the 16 creditors turned down a Chilean request for a three-year moratorium on debt payments and a stretch-out over the succeeding ten years, they reported slight progress and agreed to meet again next week...
Humidity Down. Part of the sales and production stretch-out is due to the fact that U.S. air-conditioning companies have stepped up exports to $150 million yearly, sell cooling equipment to such reverse-season continents as Australia and Latin America. But the most important factor is the broadening of air conditioning in the U.S. Says Bynum: "Air conditioning is now a year-round business of climate control. It is no longer just seasonal cooling...