Word: borrowings
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...double. Greenspan & Co.'s decision to drop short-term interest rates by half a percentage point surprised Wall Street--which had expected a quarter-point cut--and brought rates to their lowest level in 41 years. That might help spur the economy by making it cheaper for businesses to borrow, but there's a downside. With inflation running at 1.8%, your bank savings or money-market fund yielding barely 1% is becoming a money loser. If you want safety with reasonable income, you'll have to get more creative...
...from high rollers in the '90s. Despite his implausible spinning following the election, McAuliffe looks destined to stay on as D.N.C. head because no one else in the party can approach his skill at opening up checkbooks. To raise $100 million in hard money, McAuliffe says he will borrow a Bush campaign tactic and ask fat cats to collect $100,000 in $25,000 contributions from friends and colleagues. "If we don't replace the $100 million in hard money," says McAuliffe, "we're dead." One potential hurdle is the fury of Hollywood donors. Heavy hitters like Hollywood producer Steve...
...federal-funds target rate--the interest rate at which banks borrow from the Federal Reserve--after a half-point drop last week...
...Princeton said, ‘No loans,’ and it’s snappy,” she said. “But our message has always been, ‘freedom and flexibility’—to choose whether to work or to borrow...
...that’s Alaska, and this is Cambridge. So Jayich had to borrow some equipment to make his brew, a seasonal porter. At the judges’ table, Jayich describes what they are about to drink as “cool and sweet...This is one of the first porters I’ve done.” Discussion about yeast ensues as the judges swallow the brew, called “Sweet Port o’ Mine.” Slesar thinks Jayich’s brew has a “genetic, cheery alcohol thing?...