Word: borrowers
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...eyes staring into a void, sipping on a tall can of Bud enclosed in a brown paper bag. "Twelve dollars and 50 cents," he mutters. "Twelve dollars and 50 cents." It is the sum total of one man's life -- the amount he says he has been trying to borrow from his family in Detroit to ensure his burial in potter's field, and to escape from the death beyond death: "They send you to medical school and cut you up into little pieces -- that...
...arrival of designer dresses you won't have to borrow...
...facing heftier payments on loans. Harold Goldberg of Chicago, a 52-year-old accountant who last year took out a $20,000 home-equity loan, estimates that his monthly repayment will rise $40 this month, to $183. Says he: "I'm just grateful that I didn't borrow any more than...
While that may be true, even the U.S. tax code is a strong ally of LBO artists. Since the interest on junk bonds and bank loans is tax deductible, companies like RJR Nabisco can borrow at Government expense. Some -- but not all -- of the Treasury's loss can be recouped from capital-gains taxes on the profits of shareholders who sell their stock...
...says Samuel Hayes, professor of finance at Harvard Business School. "They have defied that tolerance that allowed them their freedom." Federal Reserve chairman Greenspan urged the Senate in October to consider tax-law changes to curb the debt buildup. Said he: "The laws still provide substantial incentives to borrow...