Word: forgiven
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...growing number of experts now believe that some debt of the developing countries should be simply forgiven. Until recently that was a radical proposal to voice in the company of Western creditors. Economic consultant David Smick, president of Smick Medley International, recalls a 1986 conference in which a banker suggested that a Third World debtor should be treated like a financially troubled company whose outstanding obligations should be partly forgiven. "Two years ago, that was a renegade view," says Smick. "Now half the bankers share...
...load by $18 billion within five years. Some of the loans will be exchanged for equity stakes in Brazilian businesses. The banks will suffer losses, although technically Brazil did not default on any of its loans. As the bankers view the transactions, the loans have been reduced but not forgiven...
...displayed no biases. Blacks are sometimes sympathetic; just as often they bring trouble. The moral force of religion can be redemptive, or it can lead to violence and death. Women may prove enlightened, or they may be evil incarnate. Only one thing is certain: no good deed is ever forgiven, and that insight informs O'Connor's fictions with a perverse brilliance...
...fact, it was Computer Pioneer John von Neumann who laid out the basic blueprint in a 1949 paper titled "Theory and Organization of Complicated Automata." If most of his colleagues found the idea that computer programs might multiply too fantastic to be taken seriously, they can be forgiven, for the paper predated the first commercial electronic computers by several years. But a handful of scientists quietly pursued Von Neumann's ideas, keeping them alive in the scientific literature until they sprang to life ten years later at AT&T's Bell Laboratories, in the form of a bizarre after-hours...
...recent challenges to George Bush's war record are perhaps the best example of this phenomenon. It was suggested that Bush had exaggerated his heroic exploits in World War II, but it was forgiven in part because the event in question occurred more than 40 years ago, and in part because Bush was in the navy, did fly several combat missions and has over his long tenure of public service proved himself to be, if nothing else, honest...