Word: subs
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...world's poor, the nations of sub-Saharan Africa are the most heavily indebted, owing some $200 billion, equivalent to roughly three times the value of their annual exports. Across a region where per capita GNP is barely $300, external debt per capita clocks in at more than $360. Although their citizens are ravaged by AIDS, African governments spend roughly four times as much on interest payments as on health care. Says Njehu: "Make no mistake, the people hardest hit by austerity programs adopted because of debt problems are the poor--the same people who benefited least from the original...
This bill, the African Growth and Opportunity Act, would give sub-Saharan African countries duty-free access to the U.S. textile market, a self-help strategy that should prove much more successful than the current foreign aid policy of loaning money or forgiving debts. Although the bill should be welcomed with some reservations, the Clinton administration was still correct in its decision to sacrifice the World Bank proposal in order to ensure the bill's passage. While the more modest African Growth and Opportunity Act actually has a good chance of being enacted, the World Bank proposal is not only...
...Pergamon, Paris, Berlin. We can go to Florida for spring break, or Costa Rica or London or California. We go abroad to sub-Saharan Africa, to Australia, to Eastern Europe. The world is a collection of islands connected by Coke and in-flight movies...
...conditions were difficult for our team because we're used to sailing in the flat waters of the Charles River." Carroll said. "In, the 'light and lumpy' conditions, a couple of our sailors got a little green around the gills and we had to sub them out for a few races...
...hoped that our leader, Diane Henault-Tosi (donning the dubious title of “wine consultant”), might actually help me understand the rage behind the clumsy “New Age” producers of “designer” wines from the various sub-regions. Alas, I was quite foolish. But all was not lost. This faux pas is a lesson for every Harvard man: woe to he who deigns to venture outside the delightful Yard cloister that shields him from the unseemly. Notwithstanding my minor indiscretion, it was a chance to, eyes shut, luxuriate...