Word: cashes
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Hidayat Ali's story is one of blackest despair, and unconquerable hope. In late December 2004, the native of Banda Aceh, the capital of Indonesia's Aceh province, withdrew his life savings from the bank - a $40,000 cash payment on a new shop. A few days later, Hidayat was out with his family when he heard news of an earthquake. He rushed home to drop off his family, then went to check on a friend on the other side of town. Minutes later, the waves struck, washing away everything Hidayat held dear: his wife and two children, his house...
...those problems. "Most of the hard work's over, the real painful things have been done, at Ford's expense," Nagley believes. All Tata needs to do is continue to spend the money needed to make Ford's investment pay off. Given that Tata is India's biggest conglomerate, cash shouldn't be a problem...
...Nagley says, but the public wasn't interested in "pale imitations with appalling style." At Land Rover, however, it got the product mix right and sales increased - they jumped 18% last year to 226,400. So why is Ford also unloading Land Rover? "I think they're desperate for cash. It's not a good thing when a company sells off a profitable unit," says John Wormald, managing partner at consultant Autopolis. Ford has lost $15.3 billion over the last two years...
...mergers and acquisitions, and usually strides through life like a Master of the Universe. This evening, though, he looks shaken. Two days earlier, he was accosted outside his central London home by eight kids - the youngest was 11 - who punched him to the ground, hustled him to the nearest cash machine and forced him to reveal his PIN number. After a series of attacks in the area, local residents have gathered in Steen's apartment to talk to the policeman handling the case. His advice: "Don't go out unless you have...
Bernanke, himself an authority on the Depression, has been pushing ever more creative and aggressive means to avoid this, mostly by lending cash or Treasuries in exchange for mortgage securities. The Fed persuaded JPMorgan Chase to buy Bear Stearns in part by agreeing to lend $30 billion against hard-to-sell mortgage securities on Bear's books...