Word: yearlong
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Dates: during 1980-1989
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...Meeting secretly in Paris late last week, treasury representatives from 16 Western countries decided to suspend all talks on rescheduling of the $3.5 billion due them in 1982. That was bad news for Warsaw. Only a few days earlier, Deputy Premier Janusz Obodowski had declared that Poland needed a yearlong moratorium on all debt payments and a new loan of $350 million. Nor were the latest statistics on the Polish economy encouraging: in 1981 the total value of goods and services produced fell by 14%, while export earnings dropped...
...find it reprehensible and against the interest of peace and security." Wilson, operating out of his posh villa in Tripoli, is still actively engaged in providing support for the Libyan military, and the Times quotes some of those involved as saying that Americans have been sustaining Gaddafi's yearlong intervention into neighboring Chad...
Laker's immediate problems are financial, and they have been sharpened by the yearlong rise of the dollar and the fall of British sterling on the world's money markets. For months, Laker has been seeking extra time to repay loans he took out to buy DC 10s and European-made Airbus A300s for his fleet. Included in the debts are $160 million in direct and guaranteed loans from the Export-Import Bank, and $131 million borrowed last January from a syndicate of 14 European and North American banks. His reason for seeking the extension: to avoid having...
Meanwhile, Economist Henry Kaufman of the New York investment banking firm of Salomon Brothers, whose pessimistic yearlong predictions of ever higher rates have proved unnervingly accurate, delivered yet another gloomy forecast. He warned a group of corporate financial officers in New York that Government borrowing will propel the cost of money to new and higher peaks in the next six months or so. Said he: "A noose is now tightening around the credit markets...
...with their money, and the funds were to be turned into an A.S.C. automatically on Oct. 1. Repos are currently paying a return of about 18%, but savings institutions were willing to give the 40% or 50% annual interest for one month in order to get customers into the yearlong A.S.C.S...