Word: lende
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Dates: during 1980-1989
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Reputed to have received some 500 offers to lend his name to products after the Olympics, Spitz has phased out most of his work in endorsements. The bulk of the time he spends away from wife, Susan, and SUMARK, which is named for the two of them, involves traveling for Elton Swim Products, Arena Swim Wear, or doing color commentary for ABC broadcasts of major swim meets...
...place. Worse, said the Congressional Budget Office, the deficit for the current year might climb to a stunning $47 billion, more than $7 billion bigger than the Administration's latest projection. And forget broad credit controls: there will be no outright limits on the sums that banks can lend to businesses, and certainly no restrictions on how much consumers can borrow to buy houses or cars. Only a requirement that consumers pay credit-card bills more speedily-maybe...
Selective credit controls have been tried several times, most recently during the Korean War years, 1950-52, but economic experts say that they had little measurable effect. As long as people have money to lend, borrowers will find a way to tap it. Large corporations unable to borrow from domestic banks could borrow from abroad, or issue bonds or commercial paper (in effect, big short-term IOUs); a consumer could take out one of the personal loans that were permitted or borrow on his life insurance to buy a car. Says J.H. Tyler McConnell, president of Delaware Trust Co.: "When...
Meltzer soon turned up in California, representing himself as a top officer of H & J Real Estate Investment of Boynton Beach, Fla., which he said was an offshoot of Abdul Enterprises, and began lining up investment opportunities for Sheik Rahman. The sheik, Meltzer told local businessmen, would lend huge sums to entrepreneurs for promising new ventures; he promised $95 million to one businessman for four tuna boats. But Meltzer demanded that the businessmen first pay him finder's fees. He collected...
...consolidate their old loans. David Rockefeller and Bank of America President A.W. Clausen also stress that the IMF will have to carry a heavier share of Third World borrowing, especially from the poorest countries like Zaïre. With some carefully formulated borrowing from the rich in order to lend to the poor, the world's financial system should withstand this severe test...