Word: borrowings
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Dates: during 1980-1989
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...American could turn to hometown partners for help. Rumor had it that certain members of the billionaire Bass family of Fort Worth might take a large friendly stake in the company, as they did to protect the Walt Disney Co. from a raid several years ago. Or Crandall might borrow money to create an Employee Stock Ownership Plan to achieve the same goal...
...went for two years around Duke and Durham. When the putative nobleman had to borrow a few dollars from friends, it seemed to pain him royally. When he could string together enough credit, he was a sport, once laying on a swank downtown party for the Duke swimming team he managed. He lived in an ordinary town house, but it was elegantly appointed and always stocked with good wine. He boasted about his friendships with Kevin Costner, Burt Reynolds and other Hollywood celebrities...
...MasterCard's computer started licking its chops when it saw Joey had used one of his checks to borrow...
...frequent-flyer miles. (The bank that issues Joey's MasterCard pays Pan Am a penny or so for each mile awarded -- about $100 in this case.) Lessons for us: Resist those tempting blank checks your credit-card company sometimes sends (unless you're really looking for a way to borrow money at 19.8%). Switch to a credit card that offers frequent-flyer miles. (If you're charging things, you might as well get a free trip once in a while.) Don't mess with my pal Joey...
...barriers often make it difficult for minority students to view college as an option. Moreover, many potential applicants are frightened away by soaring college costs. Federal aid, which has shifted from grants to loans, has disproportionately affected minorities, many of whom are unable to make the financial commitment to borrow large sums for education...