Word: borrower
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Dates: during 2000-2009
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...obviously not the case that banks are not lending money because they do not have the money to loan. Instead, they are afraid that other institutions, including other banks, will not pay it back. The banks do not have confidence in each other. Businesses, too, are disinclined to borrow money and take risks. And consumers are not spending because they are afraid they could lose their jobs...
...poem "If" to underline his refusal to give in to his critics and to march on through the controversies of December. On Tuesday, coincidentally Kipling's 143rd birthday, Blagojevich threw another press conference. But the embattled governor could have taken a few other words from the poet to heart: "Borrow trouble for yourself, if that's your nature, but don't lend it to your neighbors...
...from the gritty streets and auto-parts stores outside into a world of cheery beige furnishings, swirling red-and-gold patterns on the walls and easy credit. Here, 450 people - mainly women in their 20s - sit side by side in booths and field calls from Russians wanting to borrow money. Most of the time the answer they give is a resounding yes. Owned by the French bank Société Générale, Rusfinance is aiming to build a massive presence in Russia. Back in Paris, SocGen's chief executive...
...recent Wednesday, 432 people have called in. Nadezhda Kumyiny is one of them. She's phoning from a small village in the Kursk region, southeast of Lyudinovo. She wants to borrow 30,000 rubles - just over $1,000. The woman taking her call fills in the details on a screen. Experienced call-center workers can process a request and grant pre-approval in under six minutes, but Kumyiny can't remember her zip code, which slows everything down. Watching over the process is deputy operations director Viktoriya Selezneva, who says the economic crisis has yet to arrive. "The volume...
Corporations have been able to postpone taxes on profits earned overseas so long as those profits remain overseas, and borrowing from a foreign subsidiary has been strictly limited to 30 days or less, lest the money be seen as repatriated profits and taxed accordingly. An IRS notice in October, though, allows companies to receive loans from their overseas businesses for up to 60 days and not have to pay taxes on the profits, so long as the loan is paid back in 60 days. Pay it back in 59 days, and you can roll the loan over three times...