Word: borrowers
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...acre Yellowstone Ranch near Lander, Wyo., which Herschler and three partners bought in 1977 for an estimated $4.5 million to $5 million. After the partners were unable to collect a $1.5 million payment for 3,000 head of cattle they sold in 1981, they were forced to borrow at high interest rates to make debt payments. Meanwhile, beef prices and land values were declining. Yellowstone was sold in a bank foreclosure last April for $1.9 million. Said Herschler last week: "If you don't have an oil well on your ranch now, you're in debt...
...Reagan's instincts and the statistics and computer printouts of the experts, the intuitive Westerner vs. the political-academic elite of the Potomac River valley. Reagan believes that Government spending, except for defense, should be cut much more, but if Congress refuses to cut enough, it is better to borrow the money than raise taxes. The irony is that Reagan, having educated the nation about the evils of huge deficits, now wants to change the subject...
Lawrence (Tom Hanks) can perhaps be excused his momentary petulance. After all, he has been forced to borrow his roommate's identity and Peace Corps credentials and flee Far Eastward to escape gambling debts on the very night of his Yale graduation. Why, he is still wearing his dinner jacket. His first seatmate on the flight has been "Tom Tuttle from Tacoma" (John Candy), who reads books about maximizing his potential capital-wise and is the most egregious go-getter since Babbitt. His next is Beth Wexler (Rita Wilson), who rejects a night and a day of advances, to Lawrence...
...things pile up and don't finish them of completely," says the recently named dean. He claims that if he could borrow one quality from his predecessor, it would be Fox's persistent efficiency. He praises the 6-ft., 9-in. dean for his "efficient management of a whole host of problems...
Federal Reserve Chairman Volcker voiced new concern about corporate debt last month during congressional testimony concerning the Reagan Administration's tax program. He criticized part of the plan because it allowed interest payments to remain deductible. That, said Volcker, encourages companies to borrow instead of selling stock to raise funds...