Grimace and Bear It

Article Abstract:

Because Organization of Petroleum Exporting Countries (OPEC) countries continue to spend more than their earnings, the combined deficit for the thirteen nations is estimated at over $30 billion this year. Although countries such as Saudi Arabia and Kuwait have surpluses, several nations, which depend heavily on imports, are incurring heavy deficits. The international banking community is becoming more reluctant to extend credit, and cash reserves of the International Monetary Fund (IMF) are low. The economic situations in Nigeria and Indonesia, which are particularly suffering, are described. The outlook for demand for OPEC oil remains pessimistic.

Economic aspects, Organization of the Petroleum Exporting Countries, Nigeria, Business cycles

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Crosses To Bear

Article Abstract:

The Polish government's insistence on the removal of crucifixes from school classrooms is growing into a full-blown dispute between the government and the Roman Catholic Church. Issues on both sides of the argument are examined. Turnout for the local elections in June may be lower than anticipated if the controversy is unresolved.

Laws, regulations and rules, Poland, Political aspects, National government, Religion, Federal government, Quarreling

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No New Cross to Bear

Article Abstract:

Britain's New Cross Building Society was ordered to close down January 12, 1984. Fast growth disturbs the balance of liquid reserves and total assets. A table lists Britain's fastest growing building societies.

United Kingdom, Savings and loan associations

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