Word: fors
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Dates: during 1970-1979
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It is the most extravagant Christmas gift a bountiful Uncle Sam has ever given a U.S. company. Just before recessing for the holidays, Congress last week agreed to extend an extraordinary $1.5 billion loan guarantee to the ailing Chrysler Corp. and sent the measure to the White House for Jimmy...
While Washington may have given Chrysler a reprieve and preserved jobs for its 137,000 employees in an election year, the action may be a dangerous example for a system in which the right to fail is as enshrined as the right to succeed. Moreover, if Chrysler cannot make a...
The measure, however, is far from a pure giveaway. For one thing, the loan guarantee is not a handout but simply the Government's pledge to reimburse private parties for the money, up to $1.5 billion, that they lend to Chrysler if the auto firm is unable to repay...
Chrysler will be eligible for the federal guarantee only if it raises $2 billion on its own from sources specified by the legislation. From domestic banks, financial institutions and other creditors, for example, Chrysler must find $400 million in new loans that would not be covered by the Government'...
This wouldn't have happened if Mayor Daley were still alive." So Chicagoans console themselves when things go wrong, and last week, it is true, the late Richard J. Daley would scarcely have recognized his beloved city. A transit workers' strike stranded a million commuters and temporarily disrupted...