Word: borrowings
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...Even coordinating national stimulus plans has consisted of little more than leaders agreeing to disagree. On Nov. 24, for example, Britain announced an eye-popping $30 billion plan that aims to borrow and spend its way out of the worst recession to hit the nation in 17 years. Wide-ranging measures include offering aid to homeowners and small businesses, and cutting value-added tax (VAT) 2.5 points, to 15%, to stimulate consumer spending...
...Citi has already asked the government to restrict short-selling (where investors borrow stock in hopes that the price will fall) in its shares. Executives hope that getting rid of the people rooting for the firm's demise could relieve some pressure on the company's shares. What's more, to close their positions, short sellers would have to buy the shares they borrowed...
TIME: How is Ikea faring amid the current economic turmoil? DAHLVIG: This is a really good time for us. The way we've set up our business, we're planning for a climate like this all the time. We have a very conservative policy when it comes to borrowing money. We basically only use our retained earnings and don't borrow very much. We also have a very conservative policy when it comes to how we place our cash and our liquidity. We don't place anything in equities, so we haven't lost a dime...
...meaning there isn't much cause to worry that stimulus would overheat an already strong recovery. Meanwhile, the Fed, which normally stimulates the economy via the financial system, is having trouble doing so because the financial system is broken. And the usual concern that government will crowd out private borrowers isn't an issue. "The government has a window in which it can borrow very aggressively," says Mark Zandi, chief economist at Moody's Economy.com "because no one else is borrowing...
...nearly broke, having to borrow $10,000 to purchase a convenient store that was then a Harvard-owned property...