Word: lundgren
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Dates: during 1980-1989
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...expansion is the high level of interest rates. In Sweden, where GNP growth is expected to be only 1.5% this year, the interest rate charged by banks to prime corporate customers can be as high as 11.5%, compared with the 8.25% levied on similar loans in the U.S. Nils Lundgren, vice president of Pkbanken, a major Swedish bank, argued that the U.S. was responsible for pushing up interest rates around the globe because Washington must borrow so much money abroad to help finance the federal budget deficit ($221 billion last year). Said Lundgren: "The U.S. is using up the savings...
...other European nations face the same imperative: generate more internal investment and growth. Otherwise, Europe will remain hooked on exporting. At present the U.S. is the main engine of world economic growth, but that cannot continue indefinitely because the enormous American trade deficit is unsustainable. Warns Nils Lundgren, vice president of Stockholm's Pkbanken: "Either the dollar has to fall more or there will be more protectionism in the U.S." Both outcomes could undermine European growth. Concludes Mast: "We must stop telling the Americans what to do to help the world economy and start doing something ourselves. We have...
...economy in 19 West European countries has begun falling for the first time since World War II. Public outlays accounted for 50.6% of gross domestic product in 1984, vs. 51.1% the year before. Even Scandinavia, where the welfare state achieved its fullest flowering, has caught the spirit. Says Nils Lundgren, chief economist of PK Banken, Sweden's largest bank: "Deregulation, market solutions and free enterprise are the order...
Columbia harrier Kurt Lundgren, however, had other ideas. Lundgren tossed a three-hitter in the opener, with a Don Allard solo shot in the fifth producing Harvard's only run. By then the Lions had already left the Crimson far behind, blasting their way to four first-inning runs. Two more tallies in the fifth and three scored in the seventh completed the runaway...
Game-Winning RBI-Larkin DP-Columbia 2. E-Brown 2 LOB-Columbia 10, Harvard 7, 2B-Larkin 3, Lyman, Wask, Mayors, Mangner 3B-Larkin HR-Allard (3) SB-Antonelli. IP H R ER BB SO Columbia Lundgren W, 5-3 7 3 1 1 7 4 Harvard Marchese L. 2-1 1/2 4 4 4 0 2 Brown 6 8 5 4 2 7 Vierra...