Word: covenanter
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Modeling their platform after the famous “Contract with America,” the Republicans wrote a “Covenant with Manchester Taxpayers.” Mandatory referendums on town budgets requiring over 3 percent tax increases; “performance-based accounting”?...
Well, clearly today the private-equity access to unlimited debt with very little covenant protection has certainly changed. And that certainly would make taking companies from the public to the private much more difficult. It started because the private guy could finance at a much higher rate than the public...
We have slowly started to recover. And liquidity is slowly returning to the debt market. However, I can't see a return to the levels of debt that were made available before or the covenant-light scenarios. So the pendulum has swung back to a more conventional debt market. We...
But many of the myths attending the secretive order have less to do with their financial empire than with their most famous piece of real estate. Who knew what wonders they might have unearthed digging beneath the Mosque to the alleged Temple of Solomon, not far from where Christ was...
Perhaps the greatest significance of the coming GM-UAW deal is that it's another step in the decline of employer-sponsored health care. UAW president Ron Gettelfinger says he would prefer a single-payer system, which would relieve the burden for both GM and the union. That won't...