Word: financees
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Private-equity firms buy companies with money borrowed from banks, hoping to sell them at a profit a few years later. The banks then slice up those loans and sell them to investors. At least they used to. In recent weeks they've struggled to find buyers for the debt...
Kavli got an engineering degree and made his way to Southern California. In 1958 he started his own aerospace firm--Kavlico's first contract was with General Electric, designing feedback sensors for an atomic-powered airplane--and soon began investing, with extraordinary success, in California real estate. When he sold...
Fred Wertheimer, president of Democracy 21, a nonprofit group that focuses on campaign finance reform, characterized the bill as "landmark," despite some compromises. "With legislation there's never perfection, but this delivers on the commitment that was made by the Democratic leadership to respond in fundamental ways to the corruption...
That sentiment is pretty common in the halls of Congress these days, but there remains a bipartisan, if bite-sized, opposition. The only Senator to dissent during the Commerce Committee's hearing was Jim DeMint, the South Carolina Republican, who complained that American business would be more competitive if Senators...
But the 20-1 vote, in the Finance Committee, with unanimous support from the Committee's Republicans, made it clear that protectionism is no longer a dirty word in the either major party - especially not ahead of a presidential election. The Democrats' presidential front-runners share Congress's increasing hostility...