Word: borrowings
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...reputation for restoring fiscal sanity to city governments - including managing public-school-system budgets. When Bobb arrived last spring, here's what he found: Contracts had been stuffed in office drawers. The district couldn't afford new books. Gas was siphoned between buses. The district had to borrow money to pay its employees. There wasn't even a chief financial officer managing the system's $1.3 billion annual budget. "Detroit is unlike anything I've ever experienced. It's a lot worse than I anticipated," he says...
...borrow Tiger Woods' euphemism, athletes "transgress" so often that the candor of a confession can, when played right, trump the severity of the sin. Woods shanked his apology, practically inviting us to gawk as sponsors bury his ads and a succession of alleged paramours peddle accounts of their trysts. "I have not been true to my values," he told us. Probably so, but what exactly were those values? Other than green jackets, what does Tiger prize? This is, after all, one of the world's most secretive athletes: a billionaire who christened his yacht Privacy, a star who shrank from...
...inspirational self-help book, The New Frugality: How to Consume Less, Save More, and Live Better. Farrell is so enthusiastic in his mission to promote a more sensible lifestyle that he makes the reader want to burn a credit card. Save more, pay off your debts and borrow less, and you can join Farrell's brigade...
Other students, however, aren’t feeling love from the administration. “I set foot into FDO once and just to inquire if I could borrow a projector,” says freshman Samuel E. Milner ’13, “The answer was no. I haven’t been back...
Boost Access to Credit for Growing Businesses Small businesses - or, to be more precise, young businesses - create a disproportionate share of new jobs. To do that, they need to grow, and to do that, they often need access to credit. While the ability of large firms to borrow has pretty much returned to normal, many smaller firms are still struggling to get the money they need from banks. It's a problem that even Federal Reserve Chairman Ben Bernanke has talked about in recent weeks. The seeming solution: help get small, growing companies loans and the jobs will follow...