Word: coughing
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...from Cuban assets frozen in the U.S. under the rules of the economic embargo. Locating and collecting that dough will be hard and may require an O.K. from the White House. But Martinez's lawyers were confident enough last week to begin pushing banks like J.P. Morgan Chase to cough it up. The banks have yet to reply...
...million awarded to customers was paid out in 1998, in part because investors were stuck dealing with paperwork while their dishonest brokers skipped town or filed for bankruptcy. Although NASD is doing a better job of tracking award payments, the agency can't force defunct brokers to cough up anything. Starting this month, however, investors in such cases will be allowed to bypass the mandatory arbitration process and ask a judge to start freezing assets before the deadbeats make themselves scarce...
...combined company quickly lost altitude. By last December, a new injection of cash was necessary to keep the company afloat. SAirGroup, whose overall business was facing disastrous losses, started pumping $45 million a month into the ailing French company but was unable to convince Seillière to cough up another cent. Though officially the majority shareholder, Seillière insisted that he was only a financial partner and that SAirGroup was responsible for managing the crisis. Declared the baron: "We are not the pilot in this matter, we are the passenger...
...When I asked [Summers] to look up from the numbers to see what we were talking about, he did the hardest thing of all for an economist," Bono said. "He saw through the numbers [and encouraged] the government of Washington to cough up the dough...
Cause and Commitment. Well, I suppose nuclear-missile defense qualifies as a cause. President W. and Secretary of Missile Defense Rumsfeld explain that we ought to cough up $100 billion to construct a Slomin's Shield to protect us from rogue nations like Iraq, Iran and North Korea, in case they go ballistic (those rogues!). Since normal deterrence has worked for 50 years, goes the reasoning, let's scrap...