Word: dividend
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...trouble on Capitol Hill until the Iraqi invasion of Kuwait rescued them and their budget. Before Iraq attacked its neighbor, Congress was considering very large cuts in defense spending while Cheney was proposing annual reductions of only 2%. Members of Congress were deep in discussions of the peace dividend -- money that could be saved from the $160 billion spent each < year to defend Western Europe from the Soviet Union, and diverted to domestic uses...
...wrangling over deficit reduction this year, most of the participants from both parties assumed at first that the Department of Defense would have to accept major spending cuts. But then came the gulf conflict, and the hoped- for peace dividend began to fade. Budget summiteers made an implicit agreement not to wreak hardship on the military. In the end, the budget resolution set Pentagon spending for fiscal 1991 at $288.3 billion, a reduction of $19 billion from the President's request...
Remember the peace dividend that was supposed to result from the end of the cold war? Forget it. Saddam Hussein's grab of Kuwait not only created a new and unpredictable defense-spending burden of its own but also handed the Pentagon a gulf-crisis bonus. The budget that was approved last week cut only $18 billion in defense appropriations, vs. the $24 billion favored by the House as recently as September. Still, the $288 billion funding represents an 8.5% drop from the last fiscal year's spending and may shave 25% from projected defense outlays over the next five...
...cellar. Last week Manhattan-based Citicorp, the largest U.S. bank holding company, blamed $573 million in bad real estate loans for a 38% decline in third-quarter earnings, which fell to $221 million. Chemical Banking Corp. reported a $43.7 million loss for the third quarter and slashed its quarterly dividend on common stock from 68 cents a share to 25 cents a share. In Los Angeles, Security Pacific's profits for the quarter dropped 27%, to $135 million. Other banks are expected to report substantial losses in the coming weeks...
...theory explains the relation, or lack of one, between firms' capital asset structure and dividend policy on one hand, and their market value on the other...