Word: payment
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While the Maxwells managed, by hook or by crook, to raise enough to meet a $750 million payment due in October 1992, they conceded they would be unable to meet a $1.3 billion obligation due in October 1994. Unsatisfied creditors, however, may be able to go after the Maxwell family fortune. According to a leaked report by Bankers Trust and Coopers & Lybrand, Maxwell assets are estimated to exceed liabilities by about $350 million...
...encouraging those who were doing the dealing. Washington officials argue that there is a clear distinction between its minor concessions and those that might encourage future hostage taking. The return of Israeli-controlled captives was Israel's idea, and giving Iran back its own money is not literally a payment. Relations with Iran and Syria have eased, but neither is yet in the friendly category. By giving nothing it would not have been willing to concede anyway, Washington has helped cook a deal that is not likely to whet the appetite of the terrorist groups...
Pasty-faced after four years and 10 months in federal prison, where he is serving a life sentence plus 135 years for drug trafficking, Lehder conceded that he had only hearsay knowledge of the payment. Responding to the accusation, former contra leaders denied receiving Medellin money and rejected any suggestion of involvement in guns-for-drugs deals with the cartel...
...coming to an end. In Lebanon, Hizballah said the fate of the remaining Western hostages was no longer linked to freedom for 300-odd Arab prisoners held by Israel's proxy militia in south Lebanon. An announcement by U.S. officials that Washington and Tehran were nearing agreement on payment of $275 million owed to Iran for undelivered military equipment dating back to 1979 sweetened the prospect of a resolution. Both Syria and Iran continued to speed the process along in order ( to gain access to Western economic assistance. Still, the time frame remains iffy: Tehran radio said the hostages would...
...twice as often as whites. Of 19 cities studied, Boston had the highest rejection rate for blacks: 34.9%, vs. 11% for whites. Houston had the highest rejection rate for Hispanics: 25.7%, vs. 13% for whites. The refusals were unbalanced for even government-backed mortgages, which require a lower down payment than conventional mortgages: 26.3% for blacks and 18.4% for Hispanics, vs. 12.1% for whites...