Word: borrowers
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...course, the Lithuanians may find themselves in a bit of a financial pinch for a while if they have to borrow all that money. But they, too, can take a lesson from the Americans, who stopped caring about puny $34 billion deficits long...
Although Forbes made low-interest loans available to any staffer with more than a year's service, fewer than 50 employees owe the company money. As spokesman Don Garson put it: "I'm sure many of us are saying, 'Damn it, why didn't I borrow something...
...around, they reason, could only make the transition to a Europe inevitably dominated by a united Germany even more difficult to manage. In another time, a similar posture was called appeasement. So far, at least, the Bush-Baker policy can be viewed as smart politics, as another effort -- to borrow Baker's words -- toward trying to get allies and opponents "to operate on America's terms, so that you can then do whatever you determine it is in your interests to do." Given the U.S.'s diminishing economic position relative to Japan and Germany, "on America's terms...
...Burnham Lambert beefed up a unit that advised distressed companies. The move was viewed with cynicism by some on Wall Street since Drexel, through its junk-bond financing of buyouts, was a prime contributor to today's bankruptcy boom. Other improbable rescuers include First Boston, which advised Campeau to borrow more than $10 billion to buy Bloomingdale's, Jordan Marsh and seven other U.S. store chains. Some critics attack Wall Street firms for profiting from both the debt buildup of the '80s and the subsequent spate of failures. "There ought to be something unethical about cashing...
While it is encouraging that Rafsanjani has publicly expressed a desire for the hostages' release, Western intelligence agencies have yet to detect any activity. Rafsanjani's own goals seem plain. Recently, he has been seeking to borrow as much as $27 billion from Western sources to rebuild his country's economy, which needs money and technology. He also aims to end Iran's diplomatic isolation from both the West and his Arab neighbors. With those goals in mind, he has apparently launched a hostage-release initiative and is seeking maximum publicity so that even if his effort fails, his good...