Word: ledgerdemain
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...burden of the social programs is growing. In a bit of accounting ledgerdemain President Carter proposes in the budget shifting some money from the Social Security disability and Medicare funds to the money-strapped old age fund. But all the funds may face major financing problems in the next few years if the economy goes into a serious recession...
Some Remedies. Despite all this ledgerdemain, the budget becomes more unbalanced each year as the debt is papered over but never paid off. Interest costs inexorably mount as the credit-risky city has to pay more for the money it needs. Today debt service amounts to a staggering $1.9 billion a year, or 17% of the budget. With less than 4% of the U.S. population, New York has been selling 18% of all municipal bonds on the U.S. market and 39% of all short-term tax-exempt notes. Says Jackson Phillips, senior vice president of Moody's Investors Service...
Slightly Surrealistic. Well, it helps to have been a Wall Street lawyer-in more ways than one. Consider the ledgerdemain of the San Clemente spread. The price for the estate of 21 acres, including the large, Spanish-style villa now known familiarly as White House West, was $1.4 million. The terms were $400,000 down and $100,000 per year, plus 7½% interest per year on the initial outstanding debt of $1,000,000. The sale called for the principal to be paid off within five years. Normally, such an undertaking would require prodigious amounts of cash: annual payments...
...film is at its best when it takes affectionate backward glances: at Harold Lloyd with some adroit window ledgerdemain, at the Modcap costumes of the period, at such ricky-ticky tunes of the '20s as Baby Face and Japanese Sandman. But when nostalgia dims, so does the picture's brightness. The new songs by James Van Heusen and Sammy Cahn are tepid at best, and Joe Layton's dance interludes are as spurious as bathtub gin, introduced solely to juice up a weak scenario...
...based brings the agency-only a 4.78% return. To attract investors at all, FNMA had to make up the difference between that and today's higher level of interest rates. That cost, $5,100,000 a year, amounts to a subsidy in support of Johnson's budget ledgerdemain...