Word: indebtedness
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Dates: during 1980-1989
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For eight years, Reagan treated the press as if it had leprosy. The Bush approach, to treat the press as friend and confidant rather than journalist, is quite different. If it goes too far, if journalists become indebted to the president for his time and hospitality, the press may become...
At his Feb. 2 inauguration, President Carlos Andres Perez warned Venezuelans that hard times were ahead for their heavily indebted, oil-exporting country. Even he had no idea how hard -- or how soon. Last week the citizens of one of Latin America's most stable democracies were in shock after...
If it does not, experts like Robert Chandross, chief economist at Lloyds Bank in Manhattan, warn that prices could drop below $10 per bbl. and remain at that level for the next six months. That would mean a repeat by next spring of the oil-market collapse of early 1986...
The prospect is ominous, however, for indebted developing countries that can ill afford a collapse in the value of their oil exports. In Algeria, falling oil revenue and prolonged government austerity measures have been blamed for triggering the recent riots that have killed as many as 400 people. Mexico, which...
The borrowers suffer from what is called debt fatigue. When capital flows between borrower and creditor are measured, the harsh fact is that much more money is moving from debtor to banker than the other way around. In the past two years, 15 of the most indebted borrowers made a...