Word: borrowable
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Unocal's offer is intended to discourage stockholders from selling to Pickens for $54 a share when they might ultimately be able to get $72 a share from the company. Even if Pickens took over Unocal, he would be choking on enormous debt. His partnership is planning to borrow more than $3 billion to buy Unocal shares, and on top of that the company would owe up to $6.3 billion to the holders of the new debt securities...
...Levi in the past 20 months has ruthlessly slashed costs, closing 14 domestic plants and an additional nine abroad while laying off some 5,500 workers. Net profits are up for the leaner Levi, and prospects are improving. Meanwhile, lower interest rates make it cheaper for the family to borrow money to finance the buyout. LEGISLATION Taking On Takeovers...
These loans give you a lump sum of cash at a fixed rate (current average: 7%), with low or no closing costs and a typical term of five to 15 years to repay. That simplicity and predictability is valuable. There are hidden costs, however. If you borrow enough to cover four years of tuition, you'll need to reinvest whatever you don't use right away. And even so, you may not offset the interest you're paying for money you don't need...
...show billed "Van Gogh" or "Pollock." And in the '80s that partly explained the otherwise inexplicable fame of Schnabel, whose big, slapdash canvases seemed contrived for no greater purpose than to proclaim his muscular intention to proclaim muscular intentions. The other route an artist can pursue is to borrow from readily understood sources in pop culture. That would describe Basquiat's graffiti-derived gestures and Koons' life-size renditions of Michael Jackson and the Pink Panther. Even if you don't know about Basquiat's debt to the scribble paintings of Cy Twombly or Koons' connection to Marcel Duchamp...
DREW: Kukstis, tell me you’re kidding when you say that any band which channels a past master has to be compared to the original. That’s (to borrow from the Brits again) bollocks, and it’s bollocks of the most elitist kind...