Word: cash
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Dates: during 1970-1979
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...even with the bank borrowings lined up by Chairman John Riccardo and cost-cutting measures that have already saved $650 million, Chrysler will still face a cash shortage of $2.1 billion between now and 1982. The company has "some confidence," the report says, that it can raise $900 million, probably through further sales of assets and some breaks on wages, prices, and loans from its unions, suppliers and banks. But the remaining $1.2 billion will have to come from the Government in the form of an immediate loan guarantee of $500 million and a $700 million "contingency" loan guarantee because...
...church has put up cash for them--they are taxable businesses--and so what if the church invests in them? The Mormons invested money in many taxable businesses, so has the Catholic Church...
...summer blends into fall, the bureaucrats in federal agencies are often faced with a problem that few taxpayers will ever have to wrestle with: an overabundance of cash and a pressing need to spend it as quickly as possible. Usually the officials meet the challenge, pumping out money like ticker tape at a parade, and if some of this last-minute spending goes for wasteful, even harebrained projects - well, it's a tradition in town...
...most honor bright in paying their taxes. But hammering inflation and high levies have weakened their sense of morality. More and more, otherwise honest Americans are following the lead of underworld elements and dodging their tax obligations by exchanging goods and services for under-the-table payments of cash and barter...
...Tulsa last February, a man in his mid-20s sat down, ordered a Coke, and then pulled out a pipe wrench and began beating the customer next to him. After that he jumped on the counter, shouting "Now you know I mean business!" and demanded the money in the cash register. He got it - $200 - and vanished, leaving behind stunned customers and a bloody victim...