Word: borrowings
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Dates: during 1970-1979
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...were here first." What probably irritated the aging (73) but still feisty Daley even more is that the decision to withhold revenue sharing, which is currently being appealed, has forced him to go begging for money in spite of Chicago's financial good health. Daley has had to borrow $55 million from local banks to tide the city over a liquidity crisis...
...interest yields fallen, making bonds less attractive than stocks to many investors. The other was a one-quarter point cut in the prime bank lending rate to 7% by Cleveland Trust Co., followed a day later by Chase Manhattan. Cheaper credit would spur economic expansion and encourage investors to borrow money to buy shares. But a sustained long-term rally will depend, of course, on the state of the economy...
Singer's problems in the field stemmed largely from cost overruns in marketing and servicing. In 1974 it had to borrow $150 million to keep the business-machines division operating. Largely because of red ink there, Singer that year posted a loss of $10.1 million, its first deficit since 1917. In last year's first nine months, Singer lost another $36.7 million...
...Countries), as well as states whose development may be guaranteed by other key natural resources: Zaire and Zambia (copper), Morocco (phosphates), Malaysia (tin, rubber and timber). Into this group also fall nations like Taiwan, Singapore, South Korea, Mexico and Brazil, which are developed enough to attract foreign investment and borrow on commercial terms...
...price of many commodities. The world price of copper, for example, has plummeted from $1.52 per Ib. in mid-1974 to 53? today. To cover deficits caused by the loss of sales to the West and the increase in imported oil prices, many developing countries have had to borrow heavily. Their total foreign debt will reach an estimated $175 billion by year's end. In some countries, debt servicing on loans accounts for about 50% of the aid received from the First World...