Word: creditor
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...well, we can pick on China, but remember, the largest creditor nations in the world are in Asia now - it's China, it's Japan, South Korea, Taiwan, Hong Kong, Singapore - all the money is here. Even if the Chinese continue to buy, somebody's going to stop buying that stuff. If I was the Chinese I wouldn't buy it. I'm waiting to sell it short at the right time...
...John Maynard Keynes, who helped to found it. The IMF "is not a Red Cross philanthropic relief scheme, by which the rich countries come to the rescue of the poor," Keynes declared. Rather, it should be a "highly necessary mechanism, which is at least as useful to the creditor as to the debtor." Rediscovering that sense of equal exchange will be key to the IMF's rebirth...
...Clinton, the challenge of raising money to pay off those last bills is made all the more difficult by the fact that the only creditor she has left is the firm of Mark Penn, the controversial political consultant who came up with her widely panned pseudo-incumbency campaign strategy. In an election year when voters were looking for freshness and change, that may have been the biggest of all the mistakes Clinton made. A quarterly filing that Clinton's campaign made late Wednesday with the FEC showed that it remains $2,307,740.82 in debt to Penn, Schoen & Berland Associates...
...people who would be affected by its bankruptcy, the issues are more prosaic. Consider that scores of suppliers could go under if GM does. Or think of the money owed to hundreds of companies that provide all manner of services to GM. One creditor in the Enron bankruptcy was a local lock-and-safe company; another was an airport car-service firm. Hiring out-of-state lawyers, traveling and staying for months in a city far from home - these might be prohibitive costs to outfits already reeling from GM's fate. "There is no district in this country that...
Haircut n.-- In lending, the difference between what a creditor is owed and what he gets...