Word: financee
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Dates: during 1980-1989
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Foley and the once powerful chairman of the House Ways and Means Committee, Illinois' Dan Rostenkowski, suffered a stinging setback when six committee Democrats joined all 13 Republicans to help Bush redeem a campaign pledge to reduce this tax. Although Democrats denounced the idea in last year's presidential campaign...
The $200 billion junk-bond market has grown explosively since the early 1980s, when Drexel Burnham Lambert's Michael Milken pioneered the use of high- yield bonds as a means to finance hostile takeovers. In the wake of his indictment last March for insider trading and racketeering, Milken has resigned...
Campeau had created problems for himself at a headlong pace. Even as he scooped up retailers, Campeau made plans to build dozens of big department stores. While he spun off such acquisitions as Brooks Brothers and Bonwit Teller to pay part of his $11 billion debt, he insisted that his...
EDITORIAL FINANCE: Eric A. Berk (Manager); Genevieve Christy, Peter Mitchel (Deputies); Patricia Hermes, Camille Sanabria, Linda D. Vartoogian; Wayne Chun, Sheila Greene, Carl Harmon, Gene Isaac, Edward Nana Osei-Bonsu, Esther F. Rodriguez, Katherine Young
Not only does this mean that many Argentine industries are woefully uncompetitive on the world market, but also that the Argentine government invariably operates at a loss. In order to finance the massive fiscal deficits that inevitably result, the government simply orders the Central Bank, which lacks the autonomy to...