Word: borrowers
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...Myerson decided he could build another Finley-size business overnight. His pal William Simon introduced him to former baseball commissioner Bowie Kuhn, who accepted a $500,000 annual draw largely for lending his conservative name to the shingle. Myerson & Kuhn soon boasted 170 lawyers, but the firm had to borrow just to pay its high-profile partners, and Myerson's spending habits worsened the crunch. By 1989 the partnership was in Chapter...
...borrow and spend Reagan-Bush years have created a burgeoning deficit that constantly chips away at America's competitiveness by decreasing the pool of funds available for investment and growth. As manufacturing jobs have been lost, little has been done to restructure the economy to create new jobs in competitive industries...
Still, even as I write this in my lofty fourth-floor abode, a close guy friend in another house has just called, asking to borrow a book. He'll be happy to run over and get it, he says, if I can just meet him downstairs in two minutes...
...story is simple, but not simplistic. Sweetback (Van Peebles, the director) works as a performer in a brother. He makes his living displaying his sexual prowess for a racially mixed audience. The police "borrow" him from the brothel owner to serve as a generic black suspect...
...deeper tremors emanate from the kind of change that occurs only once every few decades. America is going through a historic transition from the heedless borrow-and-spend society of the 1980s to one that stresses savings and investment. In the short run, this helped trigger the cyclical recession, which is likely to run its course in the next few months. But when it's over, America will not simply go back to business as usual...