Word: borrowings
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...plant. He argued that within 15 years all the dollars would be paid back in the form of dividends to the British parent. Then, from a group of U.S. insurance companies and banks (led by Morgan Stanley and J. P. Morgan & Co.), Bowater was able to borrow $45 million to provide the rest of the financing. They were willing to lend the money only because of another Bowater feat. He had signed a contract with more than 100 Southern publishers, under which they agreed to buy the mill's entire newsprint output for the next 15 years. With that...
...awards to '57 broke a long-standing precedent, and a general rule still used at many colleges, of not allowing freshmen to borrow from the school. "If, how-ever, we know the freshmen well enough to give them scholarship money," Munro said, "we can certainly feel justified in awarding them loans...
Occasionally the lissome ladies who make their living modeling the latest French fashions manage to borrow a dress from their employers for an evening of lend-lease delight at Maxim's. But for the most part, the Paris mannequin's career is one of exhausting routine, small compensation and worry over the future...
...estimated this at 20% of his payroll. Shortly after, his drivers changed their minds, refused to give up their nonproductive pay, and struck. Later the union offered to permit its members to lend 20% of their wages for six months, but Cole replied: "We don't need to borrow money; we need to make...
...painful: outmoded American diplomatic methods met with French political cowardice and both got along splendidly. On the one side, in France, we had a series of conservative governments, unwilling to face serious reform in the country's economy. At the end of each month, they were compelled to borrow money to patch up the gaps. It was all very simple. The leaders of the old French regime promised the U.S. almost everything: a military victory in Indo-China. an enthusiastic vote for the EDC, ringing measures against the Communist Party, etc. All this in exchange for millions of dollars...