Word: borrowings
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Dates: during 2000-2009
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...insurance for their boats and because, in most cases, they cannot sail without it. "I don't know what to do," says Favaloro, spreading huge hands scarred by a lifetime of handling nets and lines, and relating how the cost of his insurance has doubled since 1981. "Either I borrow on my house to buy insurance or I leave my boat at the dock and lose both my boat and my house. It's a gamble, and either way I lose...
...drop in interest rates has helped ease the U.S. budget crunch because it now costs the Government less to borrow money. New 30-year Treasury bonds are currently paying 7.95%, compared with 11.86% for those issued a year ago. Data Resources calculates that the decline in borrowing rates will help reduce the cost of interest payments on the nearly $2 trillion national debt by about $5 billion, to $143 billion this fiscal year. In a report issued earlier this month, the Congressional Budget Office projected a drop in the federal deficit from a record $212 billion in fiscal...
...Armand Hammer, 87, chairman of Occidental Petroleum and a promoter of Soviet-American relations for more than 60 years, was already inside the room. Several years ago, Hammer had seen a Soviet exhibition of impressionist and postimpressionist paintings in Switzerland. He asked the Minister of Culture if he could borrow it for the U.S. too, but nothing happened until after the summit agreement. Under a deal Hammer and Carter Brown worked out, the National Gallery has already sent 40 impressionist paintings to the U.S.S.R. (Hammer also has loaned the Soviets 127 paintings from his own collection, which includes many...
...gone, he's really incensed that Bradford finds itself in financial straits while Washington invests billions in Iraq. "What I don't understand is how we can rebuild everything we are rebuilding over there, but here in America our infrastructure is falling apart," he says. "I had to borrow $776,000 for this city for water. They are spending it just like nothing over there. That's reckless, and that's wrong. As soon as we build something, they blow it up. That's a big problem with me, big problem...
Witness the triumverate of successful restaurants that have sprung from the fabulously popular Inman eatery, Dali: Tapeo, Cuchi-Cuchi, and Solea borrow the well-tested formula of reliably good tapas, lethal sangria, and a sequins-and-boas atmosphere. However, in the time it takes to get to the top of the wait list at Dali, you can easily be halfway through your Spanish feast at Tapeo...