Word: borrowers
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Like many Governors, Illinois Republican James Thompson clearly agreed with Greenspan rather than Bush. "I don't believe the Administration can avoid the deficit problem for another 18 months," said Thompson, who became the new chairman of the association at the meeting. "If we continue to borrow from the future to pay for the present, we risk destroying the present." Utah's Democratic Governor Scott Matheson, the outgoing chairman, declared, "If we're not willing to face up to more taxes-and make the decision soon-we can kiss the recovery goodbye." Massachusetts Democrat Michael Dukakis observed...
...technological skills, Japanese science still suffers from a copycat syndrome. The Japanese often feel it is better to mimic or borrow than originate. Says Electrical Engineer Michiyuki Uenohara, director of Nippon Electric's research labs: "The label of imitator is valid-Japanese research is derivative...
...described by you as an avowed Marxist and master at using Western financial methods. If the Communist system had been established in the Western nations at the same time it was forced on the countries of Eastern Europe, where would János Fekete have gone to borrow all those millions of dollars...
...result of those actions, which Fekete admitted were easier to apply in a Communist nation than in a Western debtor country like Brazil, Hungary has laid the foundation for growth and is once again able to borrow from Western banks. Nine weeks ago, Hungary signed an agreement for $200 million in credits with a consortium of financial institutions that included Bank of America, Chemical Bank, Bankers Trust and Manufacturers Hanover. Moreover, the World Bank has granted Hungary $239.4 million in long-term loans...
...Norton Simon, Mahoney and his fellow investors plan to employ a maneuver known as the leveraged buyout. They will borrow the necessary cash primarily from banks, using the company's assets as collateral. This could permit Mahoney, who now controls only about 3% of the company, to pull off his gambit with minimal personal investment or risk...