Word: borrowings
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Based in New York City and traveling to emerging markets, he built CSFB's project-finance business into the world's best, in part by encouraging corporations and governments to tap public debt markets in addition to commercial lenders. That strategy allowed the debtors to borrow for longer periods and reduce their short-term costs. When Ogunlesi's project-finance group absorbed several other divisions, a colleague produced T shirts that read, "I've Found Happiness in the Bayosphere...
...firefighters were furious, questioning whether Blair was trying to "pull a Maggie" - prove Thatcher-like toughness to win votes. Blair's goal isn't so much union-busting as long-term political survival. Last week the Chancellor of the Exchequer, Gordon Brown, announced that the government had to borrow $31 billion this year because the slowing economy is depleting tax receipts - the first big blot on his record of fiscal wizardry. Unless the economy rebounds, that number may well have to grow. A big raise for the firefighters (they are seeking a whopping 40%) would set a costly precedent...
...felt really bad for the guy,” Rose said. “He ended up having to just borrow someone else’s sword, and I think it really shook him up. But it was probably a mismatch to begin with...
...financial planner in Old Tappan, N.J. Plenty of folks live in homes worth $800,000 that they bought for $400,000 less than 10 years ago. But their stocks have shriveled. As long as overall debt remains manageable (less than 30% of total assets), you could easily afford to borrow $100,000 against the house and invest it. To lock in low rates, consider a fixed-rate home-equity loan or cash-out refinancing. "Five years from now, you'll laugh at how risky buying stocks seemed today," says Jere Doyle at Mellon Private Wealth Management in Boston...
...realize that Lewis’ fire-and-brimstone language about the dangers of drunkenness, although pegged to kegs at Harvard-Yale weekend, condemns intoxication regardless of the vessel or the occasion. The keg ban only drops the speed limit from 70 to 65 one weekend a year, to borrow Lewis’ metaphor, but he seems to believe that 70 is deadly all the time and 65 is never much better. It may prove to be a warning shot in a more pivotal battle over the definition of responsible drinking, and we are disturbed that Lewis hasn?...