Word: borrower
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...Hong Kong, the financial and managerial nerve center of the Chinese region often called the world's factory, is a wealthy city. But even here, the global credit squeeze is making it tougher for businesses to borrow money to cover their short-term needs. "Right now, we're facing trouble," says Tommy Lam, owner of a garment factory in Dongguan, a Chinese manufacturing hub near Hong Kong. "We're not getting repeat orders we're supposed to get. [And] banks are warning us they may cut our credit in the future...
...idea behind the Macquarie model is to borrow a lot of money cheaply, buy infrastructure assets with a guaranteed cash flow, then sell those assets to the public, letting shareholders take over the debt. Macquarie and imitators like Australia's Babcock & Brown make money at every step, with fees for the deal, for advice, and for managing the assets. Macquarie runs toll roads in America, bridges in Portugal, French autoroutes, a tunnel in Germany, and airports from Sydney to Copenhagen. About 290 million people ride its buses each year, and 17 million light...
...Macquarie insists that its distributions to shareholders are paid strictly from cash, but other analysts say they're often funded by new rounds of refinancing. Steve Johnson, a former Macquarie staffer turned financial adviser, says the bank has managed to borrow ever-rising sums against its assets because "credit markets were more and more willing to lend. That game is over...
...International graduate students are apt to be affected most by the change. CitiAssist allowed foreign students to borrow without a cosigner, while most similar programs require that a U.S. citizen or permanent resident cosign the loan...
Resistance to open education is not the only instance of the University denying free access to its resources in part, at least, for the sake of revenue. Just take a look at the Ivy League’s Borrow Direct interlibrary loan program in which all the Ivies—except Harvard—take part, despite the fact that Harvard has the fourth largest library collection in the world. Although Harvard does participate in a type of ILL program, it usually slaps charges onto the loans...