Word: borrower
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Dates: during 1970-1979
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Witty Warren Zevon will be at the Berklee Performance Center on May 5; Renaissance (a really fine group) is coming to the Music Hall on the 6; oh yeah, the Average White Band will be playing at Boston College on April 28. Borrow someone's BC I.D. and you can get in for $2.00 cheaper. The Paradise is offering Lou Reed on May 15, and no date set yet for the Talking Heads, but it should be sometime in Maymaymaybe this time...
...Wright told Kennecott's shareholders that it would raise most of the money by having Kennecott sell Carborundum, for $567 million or a bit less. Berner would make up the rest by dipping into Kennecott's $140 million in cash and securities, and perhaps by having Kennecott borrow against a $400 million promissory note...
Underspending occurs if the director of financial aid overestimates the amount of students who are going to borrow and/or underestimates the rate of repayment of loans...
With assets of only $349 million, compared with Kennecott's $2.7 billion, Curtiss-Wright, a maker of aerospace parts and industrial equipment, does not have the financial resources to make an outright tender offer for Kennecott. That would cost some $750 million. Curtiss-Wright even had to borrow from its banks to buy its 10% of Kennecott stock...
...surplus dollars on the exchange markets. That doubles the Treasury's line of credit at the West German central bank in Frankfurt. In addition, the U.S. may sell $740 million worth of IMF Special Drawing Rights ("paper gold") to the Germans for deutsche marks, and it proposes to borrow as much as $5 billion of foreign currencies from the IMF. That $5 billion credit already existed. Hence the net new money available to the U.S. under the agreement is $2.7 billion...