Word: borrowings
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Dates: during 1970-1979
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Jacobson's business ventures ran into difficulties, and he began to borrow heavily from friends. His romance with Cain started to sour. When she left, he was enraged. He pleaded with her to come back and apologized for past difficulties. When that failed, according to one report, he offered Tupper $100,000 to give her up. It was to get away from him that she was out apartment hunting on the day Tupper disappeared. Said she: "We were going to move out of that building. I wanted to get as far away from that crumb as I possibly could...
This is supremely important because, even if the growth in air travel levels out to 6% a year, U.S. lines will need to borrow $56 billion by 1985 to replace their aging jets. Lenders will tend to favor the lines that stand to benefit the most from deregulation, meaning the bigger, richer carriers. Though the U.S. certainly needs more competition and fare flexibility in the air, the specter of unbridled price cutting and route grabbing frightens many financial experts, who fear that some lines will not be able to earn the returns needed to justify large loans. One airline financial...
...crisis fighter, an advocate and indeed a practitioner of "small is beautiful" technology. Hydroelectric plants of no more capacity than the one at Brown's Mill, he told the now fast-fading uh-huh in Washington, are being built for $6 million. Could a taxpayer in good standing borrow $30,000 to restore a single little bulkhead? Hello? Hello...
...theory it all sounds neat, but in practice dozens of factors can throw off Federal Reserve calculations. The necessity of creating at least enough money for the Treasury to borrow to cover budget deficits is one. The strength or weakness of loan demand is perhaps the most important consideration. The Federal Reserve may set an interest-rate target of, say, 7¼% to 7¾% for Fed funds? which is believed to have been its goal in June. But if loan demand is exceptionally strong, it may have to put out more money than it wants to in order to keep...
...Levitt recalls it, he stopped by his parents' home in Newton, Mass., for dinner before attending the wedding rehearsal. His father was going to give him money from stock sales, and his sister wanted to borrow his guitar. No sooner had his father greeted him, he says, than three men tied a hood over his head and wrestled him into a truck. After being driven for about an hour, he found himself prisoner in an attic. There he was kept awake for 36 hours and fed only a matzo and a piece of chicken. Day and night young Jewish...