Word: borrowing
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These options include a two to five percent Affordable Housing Preservation Fund fee, to be levied on middle and upper income tenants, and a revolving loan fund allowing property owners to borrow money at low interest rates to maintain the rent-controlled buildings...
...absorb the first blow of expenses, Kuwait will borrow money and sell part of its $300 billion of foreign holdings. Then it needs to get oil flowing again as fast as possible, because the bills aren't going to let up. Destroying Kuwait took just seven months for Saddam's occupying forces. Rebuilding it could take an army of globe-straddling companies until the next century...
...miss out on much of the reconstruction because Bonn did not supply troops to the war effort and German companies illegally helped build chemical weapons for Iraq. But neither country intends to walk away from the region and leave a vast market to foreign firms. Kuwait will have to borrow to finance early projects, and flush Japanese lenders could be an important source of funds. While vowing not to attach strings to such money, Japan could well encourage Kuwait to spend it on the world-class services of Japanese contractors...
Although some of the 650 works have disappeared and others remain unidentifiable, Barron was able to borrow some 180 items that were in the original show. Among them are numerous masterpieces of the period, such as Kirchner's piercing image of castration anxiety, Self-Portrait as Soldier, 1915, and Beckmann's Still Life with Musical Instruments, 1926, perhaps the greatest of his still-life paintings, now seen for the first time...
Major banks had long sought a plan like this one to help extricate them from their current crisis. Many banks spent the 1980s chasing long-odds business, such as loans to Third World countries and commercial real estate developers, after their best corporate customers began to borrow more cheaply in money markets. With many of those new customers now in trouble, the banks face more bad debts than ever before. Meanwhile aggressive foreign lenders in Japan and elsewhere, which operate under fewer restrictions, swiftly outpaced their American rivals. While nine U.S. banks were among the world's 30 largest...