Word: instruments
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Dates: during 1990-1990
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Potentially more worrisome is a different kind of credit contraction, a cyclical one. In the gaga '80s, lenders used practically every debt instrument imaginable. Junk bonds were issued in an almost endless variety of complex forms. The consumer got into the act as well. Home-equity loans and lines of credit, which are basically latter-day relatives of the second mortgages that led to so many foreclosures in the 1930s, rose from $20 billion in 1985 to $75 billion in 1988. At the same time, creditors lengthened maturities. The average auto loan is now payable over 48 months, up from...
...coming from," she says. "I'm full of ideas, but I needed someone to collaborate with." After a rolling wave of cancellations, she took most of 1989 off before the Met debut, in order "to get things straight. Sometimes I wished the voice were like a violin, an instrument in a box -- and you could put the box in a closet." But the period of questioning is over. Time now to celebrate all those sad, mad girls in productions that just might suit. As the prima donna promises, "I'm just starting my prime...
...Americans, Harvard attempted to justify its abnormally low acceptance rates for Asian-American applicants by arguing that few of them fall into its "preferred categories.' One of these "preferred categories" is the children of graduates. In other words, Harvard University openly acknowledges that its legacy policy is effectively an instrument of racial discrimination...
...funding for the $10 million to $20 million instrument must first be found before astronomers can search the skies, said project proponent Paul Goldsmith of the University of Massachusetts at Amherst...
...information that it has enabled, has proved to be a promiscuously, irrepressibly democratic force, a kinetic object with the mysterious purity to change the world. The telephone, like the authority to kill, might have been legally restricted to kings and dictators. But it is in a way the ideal instrument of freedom -- inclusive, unjudging, versatile, electronic but old-fashioned (here so long no one really fears it). The telephone, like democracy, is infinitely tolerant of stupidity; it is a virtual medium of stupidity, a four-lane highway of the greedy and false and brainless. But it is (unless tampered with...