Word: borrowers
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...general, investment varies inversely with the interest rate. The higher the interest rate, the more expensive it is for companies to borrow money and invest, therefore, as the interest rate rises investment decreases. The budget deficit drives up the interest rate because as the government tries to borrow more and more money it increases demand in the loanable funds market. Since an increase in demand with no change in supply always causes the price of a good to rise, the increase in demand for loanable funds will produce a higher interest rate which leads to less investment...
Since the council's committee funds are unexpectedly low this year, the council approved a measure last week that authorized the council to borrow money from its spring semester grants to pay for advance expenses...
...accounts for their own purposes. "There is no end to the creativity of the human mind," says Brian Schaefer, president of 401(k) Ventures, a consulting firm in Palo Alto, California. "This is a hard time in the economy, and people look at that money and say, 'I can borrow it for 90 days and no one will know.'" But that leads to trouble when they can't pay it back...
...recent Republican assault against the direct student lending program makes me sick, and it should also disturb every student who has to borrow money to attend college. In fact, every taxpayer should be offended by the Republicans' latest mischief--it will waste billions of dollars. This wasted money will end up in the pockets of banks, guarantee agencies and other lending institutions that profit from federal government subsidies of student loans...
...retailers can take consolation in the fact that at least a few borrow-and-spenders seem to be putting off the day of reckoning. Meredith Richman, 28, a developer of computer programs in New York City, is one of them. Richman "maxed out" the $6,000 credit line on her American Express Optima card this year by charging a $3,000 income tax payment along with her rent and a $1,700 computer. "It doesn't matter, though," says Richman, who has rolled over unpaid balances to new cards three times this year. "I can always get other cards...