Word: borrower
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...Thanks to the profiteering of the big investment banks, Asian governments are at once paying heavily to borrow medium- to long-term in dollars while getting poor short returns from their own dollar assets. Why not borrow in the local currency? New Zealand, whose 30-year currency track record is far worse than Thailand, has been doing it for years...
...After Cuthbert's success sailing the Precious Dragon to Britain, he received a phone call from a fellow Englishman, a maritime adventurer named Rex Warner, who wanted to borrow the ship to recreate one of Zheng He's trips. Cuthbert happily agreed. The Precious Dragon was loaded onto a freighter, shipped back to Hong Kong and prepared for its new journey. Warner was anxious to set off in the autumn, catching the strong west winds, as Zheng He had done...
...frenzy, hype that the Internet was the greatest thing since the electric light, and a stock market that rewarded companies that predicted outrageous demand for their products. The overhang of those purchases may depress business investment for another year, however cheap the Fed makes it to borrow...
...cost of this tax cut will come home to roost in the out-years. Government will have to borrow to spend or add new taxes to get out of the mess brought about by brainless political inertia. RAND KNOX San Rafael, Calif...
...message of party victory this December but, more important, selling the plucky little A student from Hsi-chuang. Only now he wants to be the popular kid instead of the smart kid, the one you want to hang out with rather than the one whose homework you want to borrow...