Word: borrower
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Dates: during 1980-1989
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Consider the case of Garth Conlan, a vegetable and strawberry grower in Castroville, Calif., who walked into a Wells Fargo branch in 1981 to borrow $3 million. The bankers, eager for business, approved the loan in 48 hours, Conlan's attorneys say. Yet two years later, when Wells Fargo decided that losses from Conlan's 1,505-acre farm exceeded the limit in the loan contract, the bank refused to lend him more money and grabbed $120,000 from another of his accounts to pay off the debt. Those moves forced him into bankruptcy, his attorneys say. So the farmer...
Although Shmelyov said the government needs to borrow up to $50 billion to help its ailing economy he said Soviet officials have resisted such measures because they do not want to "leave debts to our grandchildren." This comment prompted one audience member to shout, "They need a few lessons from Reagan...
...response to TAS' requests, William Nordhaus, who resigned last week from his position as provost, suggested that T.A.'s borrow money to supplement their salaries...
...myth persists. Americans are naturally inventive and creative, while the Japanese are clever copiers. Neither imaginative nor inspired, the Japanese shamelessly borrow technological innovations from the U.S. and other nations and transform them into inexpensive household staples. Or so many Americans believe. Look at color-television sets, transistor radios and videocassette recorders, they say: all original American ideas appropriated by the Japanese...
...aware that it has a medium without a message. For several weeks the Governor's top advisers had been preparing a major economic address that would define the candidate's agenda in the industrialized Northeast states. But the speech that Dukakis delivered in Chicago late last week seemed to borrow much of its beef from Gephardt's very own plate. Where until recently Dukakis had been direly warning of trade wars, now he was changing his emphasis by reverting to one of his previous themes: tariff protection for companies that agree to modernize their plants. There was no logical contradiction...