Word: moratorium
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...that Nkrumah left behind. When a group of army officers under Colonel Ignatius Kutu Acheam-pong seized power last year, they decided to solve the problem by repudiating a $94 million obligation to Britain (on the grounds that it had been incurred through corruption) and by declaring an indefinite moratorium on much of the remaining debt. A few months later, Acheampong proclaimed Ghanaian control over "the commanding heights of the economy" and nationalized 55% of the country's foreign-owned gold, diamond and timber operations...
...foreign exchange, the boon has given Acheampong a chance to try to restore Ghana's credit overseas. He is said to be ready to negotiate a rescheduling of the country's debts, but he is hoping for some very sweet terms: a ten-year moratorium and then a 50-year repayment period...
...long-term effects of development. "We still don't know enough about such things as what will happen to rivers and underground water supplies, about air pollution and population disruption," says State Representative Dorothy Bradley. But the legislature recently voted down her bill setting a 2½-year moratorium to study these problems before coal mining begins on a massive scale. Thus there seem to be radical changes in the future of the big sky country, highlighting a dilemma that will become increasingly familiar as the natural resources of the U.S. become scarcer: Should the residents of one region...
...Cambridge, the question of privacy and surveillance via two-way cable hook-ups has been raised by People Against National Identification Cards (PANIC). As a result, the city fought a proposed MIT experiment to equip the Washington Elms housing project with cable TV and declared an 18-month moratorium on such franchises...
Councillor Daniel Clinton, who voted against the moratorium, said that cable television might generate revenue for the city and that no restrictions should be set "when people still don't know whether this thing is good...