Word: borrowings
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Dates: during 1990-1999
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...Citron. So conservative after hours that he preferred to keep his own money in bank accounts, Citron was nonetheless known throughout California as a high-rolling wizard when it came to public money. In 1979 Citron helped change a state law to allow counties to - borrow vast amounts through arrangements called reverse repurchase agreements. Such deals permit treasurers to take out what amount to short-term loans from firms like Merrill Lynch and invest the proceeds in longer-term bonds that pay more interest. In pursuit of this strategy, Citron added a boggling $12.5 billion of borrowed bonds...
...business a little but there's no animosity at all," Goodman says. "There's a sign up on the door of Jae's which says 'Eat at Jae's and live forever,' so we put up our own sign, 'Eat BBQ and die happy,' as a joke. We borrow plastic wrap from each other...
Rising interest costs will also slow the expansion of small companies, which generate lots of jobs but because of their size must borrow from banks at more than the prime rate. No sooner had the Fed moved last week than many banks boosted their primes from 7.75% to 8.5%. That was harsh news to Leedom Kettell, who runs a printing company in Syracuse, New York, with 10 employees. Kettell had been shopping for a new $40,000-to-$50,000 printing machine for his growing business."But now, with the higher rates, I'm doing all I can to avoid...
Jazz-rappers don't just borrow from jazz's sound; they tap into its spirit, its artful soul and its cool. The music has successfully harnessed the sagacity of an older generation of performers with the rawness of a newer one. Says 61-year-old trumpeter Donald Byrd: "All of the jazz cats, everybody I talk to now, they want to get involved in this." Three new CDs -- Blowout Comb, Digable Planets' daringly laid-back sophomore album; Home, by the rap group Spearhead; and Red Hot and Cool: Stolen Moments, an aids-benefit CD featuring collaborations by various jazz...
...have yet to see a Brink's truck following a hearse." Smitten by his swath and style, bankers fairly begged him to borrow their money; Merrill Lynch created three coin-trading funds for him to manage. McNall set up a bogus horse-appraisal firm, listing his chauffeur as owner and appraiser...