Word: borrowing
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...savings, we bought $102.98 worth of Ikea products. I do not remember what a Trojka is, but I am relatively certain we did not need it. I was starting to think Tuttle's cheapskate philosophy is to trick other people into having breakfast at Ikea so he can borrow their Trojkas for free...
After finishing the fiscal year saddled with an unprecedented $6 billion in debt, Harvard may borrow even more money this year to sustain various capital projects across campus, the University’s chief financial officer said last week...
...California, to borrow a phrase, will be back. It's been stuck in an awful recession - not quite as awful as Nevada's - but it's getting unstuck. It's made nasty cuts to close ugly deficits, but it hasn't had to release prisoners or close parks, and its IOUs are being paid. Its businesses aren't fleeing to Nevada or anywhere else; Jed Kolko, an economist at the Public Policy Institute of California, has shown that fewer than one-tenth of 1% of its jobs leave the state each year. Even California's real problems tend...
...issue has never been whether Griffin and his ilk should be allowed to join the show's panel. The fundamental problem is how the mainstream parties can reconnect with the electorate and assuage their fury. With British parliamentary elections due by June 2010, party tacticians may be tempted to borrow from the BNP's populist playbook, talking tough on immigration and integration. Such rhetoric often proves a vote winner. But exploiting voters' discontent can simply stoke it. Until mainstream parties figure out how to earn back public trust and respect, the lunatic fringes will gain ground. That might be good...
...dollar jumped 2.6% vs. the greenback after the rate hike was announced. The U.S. dollar also continued to fall against the euro, which ended the week at $1.47, up 1.2% from before the Australian move. Like the Japanese yen, the dollar has effectively become a carry-trade currency. People borrow in the U.S. currency and use the proceeds to buy the Australian dollar, profiting from the interest rate differential and also the greenback's downward spiral. (See pictures of TIME's Wall Street covers...