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...week began, Ecuador proclaimed that it was suspending payments on part of its $6.7 billion debt. Though Ecuador's loans are small in relation to the $350 billion owed by Latin America as a whole, the announcement was disturbing because the country seemed to be playing a me-too game. Less than a week earlier, Bolivia had said it would suspend interest payments on some of its $3.4 billion debt. Some bankers feared that this defiance could keep spreading to other countries...

Author: /time Magazine | Title: A Prickly Dilemma for the Banks | 6/18/1984 | See Source »

...Continental Illinois Bank. The bank revealed last week the stringent terms that it had been forced to accept to receive an emergency $1.5 billion loan from the Federal Deposit Insurance Corp. The FDIC insisted that it have the power to fire Continental directors, that the bank suspend its 50?-per-share quarterly dividend payment and that the bank's officials refrain from giving themselves large severance bonuses, known as golden parachutes, in the event another financial institution takes over Continental...

Author: /time Magazine | Title: A Prickly Dilemma for the Banks | 6/18/1984 | See Source »

Bolivia announces it will suspend payment of its foreign debt

Author: /time Magazine | Title: Putting Off the Reckoning Day | 6/11/1984 | See Source »

...Peru, has warned, "One of the smaller Latin American countries defaulting could set off a chain reaction." Last week Bolivia, though a mere mouse of a debtor by international standards, looked as if it could be the mouse that roared. The economically ailing country said that it will temporarily suspend repayment of its $3.4 billion in foreign loans, including some $680 million owed to Western banks. In announcing that move, however, Bolivia stressed that it intends to renegotiate rather than walk away from its debt...

Author: /time Magazine | Title: Putting Off the Reckoning Day | 6/11/1984 | See Source »

...time for the funny aside, the wittily telling detail. He and the visual-effects director, Richard Edlund, also have the sense to let the special effects look just a little tacky, so they provide a comic comment on all the ghoulie-ghostie movies we have been asked to suspend disbelief for in recent years. Whoever thought of having evil's final manifestation take the form of a 100-ft. marshmallow deserves the rational mind's eternal gratitude. But praise is due to everyone connected with Ghostbusters for thinking on a grandly comic scale and delivering the goofy goods...

Author: /time Magazine | Title: Cinema: Exercise for Exorcists | 6/11/1984 | See Source »

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