Word: payment
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After months of bitter and frustrating delays, Western bankers and representatives of the Polish government finally signed an agreement last week that permitted Poland to stretch out the payment of $2.4 billion in loans, which were actually due last year. The solemn signing at the glass-and-aluminum-sheathed headquarters of the Dresdner Bank in Frankfurt removed one obstacle to the start of talks on extending the deadline on $4.6 billion that Poland is scheduled to repay banks and governments this year...
...mean renewed Western lending to the rest of financially strapped Eastern Europe. The Soviet bloc owed the West some $80.7 billion at the end of 1981, up 11.4% from 1980. Major debtors include Rumania, Hungary and the German Democratic Republic. Rumania, which owes $9.6 billion, missed an agricultural-loan payment of $5.5 million earlier this year, but it has since been paid...
...making $15,000 in income while spending more than $2,000 on medical expenses. Other computer programs hunt for unusually large deductions and routinely scrutinize returns reporting income of more than $50,000. The IRS is also expanding its computerized program of matching individual returns against dividend and interest payment statements...
...dropped by 11.8% to the second lowest monthly rate in almost two decades. Says Realtor Marie Tighue of Trenton, N.J.: "It's a day-to-day battle to make sales." She recalls the bargaining for one house: "It was a $78,000 home with a $50,000 down payment and the rest in loans. The original mortgage was at 8.5%, but the bank said it wouldn't renew at that level. The buyers and the bank finally settled at 13.5%. We had listed the property for two years and almost lost it over the financing...
...those days when we foreigners did not wish to mix with the peasant and proletarian rabble, the state obligingly runs food stores in which only people carrying foreign passports are welcome. These stores carry just about everything, including an inordinately large supply of chocolates and liquor. Payment is in dollars, if you please, or any other suitable western currency: American Express and Visa cards are welcome...