Word: flowed
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...economy has long based its prosperity in large part on the free flow of capital across international borders. In the mid-19th century, European investments helped finance the building of America's railroads, essential for opening up the West. Later, Europeans put their money into American ranching, farming and mining. After the turn of the century, foreigners helped buttress one of the most powerful companies of the era, U.S. Steel, by buying up fully 25% of its equity...
...first got Wall Street's attention in 1984, when TLC snapped up Manhattan's McCall Pattern Co. with only $1 million in cash and $24 million in borrowed funds. He immediately set out to revitalize the 117-year-old sewing- pattern company. "We emphasized quality, cost containment and cash flow, and we made money," says Lewis. Indeed, McCall's earnings more than doubled last year, to $4.9 million. In July Lewis dazzled the financial community by selling McCall to the John Crowther Group, a British textilemaker. The buyer paid $63 million and agreed to assume $32 million in debts owed...
...ratings changes are highly significant in the televangelism industry, because viewers form what ministries term their "donor base." The faithful TV audience is a mainstay of ministry income, providing a steady flow of gifts -- commonly $10 or $20 a contributor. The names and addresses of donors are carefully preserved in computer banks and used in direct-mail donation pitches, another major source of ministry income. At the Jimmy Swaggart Ministries headquarters, for example, workers used to extract some $2.5 million in monthly donations from occasional donors. That amount has now been cut in half...
...says one former executive, on a "theology of building." Recounts Harry Hargrave, a Dallas businessman recruited by Falwell to run the shattered organization: "Jim would build something here, and then he'd have to build something bigger to finish paying for this as well as the enlarged cash flow." That pyramid philosophy led Bakker from his first Heritage Village television studio in Charlotte to Heritage USA and, finally, to the 500-room Heritage Grand Hotel and its sister, the unfinished Heritage Towers. Bakker's ultimate fantasy was a $100 million replication of London's Crystal Palace. A painting of that...
Aside from his cash flow, one urgent problem facing Falwell is what to do about the claims of 120,000 PTL "Lifetime Partners" who each gave at least $1,000 to the organization, with the promise of free lodging for three nights a year at the ministry's theme-park hotel. The organization, though, has little hope of fulfilling those pledges because the number of donors exceeds the number of hotel rooms available by 5 to 1. Falwell noted last week that if the court declares those donations, which total $180 million, as debt, PTL will have to close down...