Sentence examples for ruinous interest from inspiring English sources

As a result, customers everywhere have been socked with ruinous interest rates, penalties and fees that would once have been illegal under state usury laws.

European Union leaders demanded deflationary tax increases and spending cuts that make it impossible for Ireland to grow its way out of debt and ruinous interest rates that will deepen those arrears.

The credit card industry has made a profitable art of corralling consumers into ruinous interest rates and hidden penalties that keep even people who pay their bills permanently mired in debt.

Last year at this time I cautioned against following the sentiment that ruinous interest rates lie ahead.

But we're endlessly being told by the coalition that it has to pay off its debts because servicing the interest is ruinous, and the bond markets will destroy us unless we're seen to be tackling the deficit.

Yet when Lin, one of the most experienced and best-informed men of his day, went to Canton, he had no idea that his success in stopping the opium trade would only open up his country to the humiliating and ruinous penetration by foreign interests that was to hasten its downfall.

The central bank felt forced to respond because last week the cost of borrowing for both Spain and Italy soared to record highs, with yields on their 10-year bonds topping 6 percent — a level that could raise the countries' interest payments to ruinous levels and threaten to undermine the entire euro union.

The bottom line is that if someone tells you for some reason you don't need to pay taxes, you could find yourself labeled as frivolous and hit with a possibly ruinous bill for back taxes, interest and stiff civil penalties.

Puri added: "Everyone expects interest rates [currently a ruinous 10- 12%] to come down.

The giveaways, such as agreeing to low or even zero seller commissions and offering sellers guarantees and low-interest loans, led to ruinous price competition between the centuries-old auction houses.

L.B.J. began warning that if Congress didn't raise taxes the country would suffer a "ruinous spiral of inflation" and "brutally higher interest rates".