Word: borrower
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Dates: during 1970-1979
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...ethical questions of the most serious nature." Woolworth has brushed up its stodgy image by posting record sales of $6.1 billion and earnings of $130 million in the last fiscal year, and it is roughly four times larger than Brascan. To help finance the takeover, Brascan would have to borrow $700 million from the Canadian Imperial Bank of Commerce, which by no small coincidence is also Woolworth's largest lending bank worldwide. In a suit to block the bid, Woolworth charged that Canadian Imperial would never lend such a sum to a company of Brascan's size unless...
Dave Kluscik, a spokesman for Metropolitan Edison, said yesterday the company would have to borrow to pay capital costs and repay previous loans if investors sell their stock, charging customers in the long...
...hard for serious changes. There need not be another strike if the administration is willing to respond to the voices of legitimate student protest. But students should not be afraid to act if the need arises. For those who see the need for real student protest are not, to borrow Pusey's contemptuous phrase, "Walter Mittys on the left." We are realists. And so after we look back and remember, we must also look to the present, and think hard about its realities...
...central question of the fiscal crisis, and of Auletta's book, is why did New York need to borrow all this money in the first place? He answers by calling the city "Liberalism's Vietnam" and provides a cogent parallel of how "more money, more programs, more taxes, more borrowing--didn't work here; just as more troops, more bombs, more interdiction, more pacification programs didn't work" in Vietnam...
China is avid to buy foreign technology, but how much it will be able to pay for is inscrutable. The still poor country has little to sell abroad, and it is most uncertain what sums it can borrow, from whom and on what terms. Finally, veteran China traders suspect that in many cases what now appear to be three sales will turn out to be only one, for which the Chinese have invited three companies, unknown to each other, to negotiate and submit what amount to competing bids-a strategy not unknown in the West...