Word: borrower
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Dates: during 1970-1979
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Most of the remaining rescue money, about $1 billion, will be reserved for emergency loans to local governments with special problems. Many local units, for example, commonly borrow from banks while awaiting anticipated property tax revenue. But with the property tax knocked down by 57% as a result of Proposition 13, banks now are understandably unwilling to make such loans...
...competition, first from European neighbors, and more recently from Third World countries where labor costs are lower. To keep C.I.T.F. going, Boussac mortgaged more and more of his possessions, which include race horses, half a dozen chateaux and the morning Paris newspaper L'Aurore. Finally, unable to borrow further, he reluctantly allowed the company to be taken over by a court-appointed receiver who will decide what, if anything, can be done to salvage C.I.T.F.'s 11,500 jobs. Last week, in an effort to keep C.I.T.F. alive, Boussac offered to give up his entire $170 million personal...
...from a rich Boston family-her brother is Lincoln Kirstein, a founder and patron of the New York City Ballet-had all the advantages of money and connections. Establishing herself in the Paris Ritz, she made it her job to befriend Proust's friends and to beg or borrow those precious letters...
...stock market. Overseas investors also hold an estimated $7.6 billion in U.S. Treasury bills and notes, more than four times as much as in 1974. By making the investments, foreigners are helping to finance the nation's excessive deficit spending, thereby eliminating the need for the Government to borrow the money domestically and divert it from productive investment at home...
West Side Story. Well. Well well. Hmmm.... Yes. Hate to say it, but I think this film is shit. That's a highly personal opinion--the movie won a ton of Oscars and has left millions sobbing away for poor Natalie Wood. Steal "Romeo and Juliet"--or borrow it under the pretense of "relevantizing" it (as if it weren't already relevant), throw in some beautiful and awful songs and bits of schlockified Copland by Leonard Bernstein, give it a pseudo-daring "tough" script by ol' Arthur Laurents.... well, the ingredients are right for a classic stage, and then film...