Word: borrowers
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BOSTON--As lawmakers appeared deadlocked in trying to solve the state's fiscal disaster, officials opened the new bookkeeping year Monday by beginning to borrow $1.2 billion to help the government pay its bills...
...control of Resorts International. In a deal they both claimed as a victory, the two split up the company, with Griffin taking most of Resorts and Trump getting the uncompleted Taj Mahal. Griffin's older, debt-laden properties went into bankruptcy only two years later. Trump had to borrow an estimated $1 billion to finish the monstrous Taj. Ominously, the city's casino business, which had grown pell-mell during the '80s, abruptly stagnated...
...last week that the size of the disaster is much bigger than he predicted. The Secretary estimated that as many as 1,037 institutions -- almost half of all U.S. thrifts -- may have to be merged or closed to stabilize the industry. For the cleanup, the Government will have to borrow $90 billion to $130 billion. Adding interest charges and other costs, the bill could top $500 billion during 30 years...
Small companies are particularly vulnerable to a credit crunch. Unlike major corporations, which can sell bonds or borrow on Wall Street, smaller firms rely on banks for most of their loans. Yet such companies may lack the well- established credit records or other evidence of reliability that increasingly nervous lenders demand...
While bicycles are racing into the computer age, many changes still lie ahead. The bike of the future will probably borrow more materials from the aerospace industry, have a more comfortable, ergonomic shape and employ brakes and gearshifts that are increasingly easy to use. But a few things will likely | remain constant: handlebars, pedals, a chain and two wheels...