Word: lending
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...firm's $15 million line of credit, suddenly backed out and warned him that he would soon lose access to the original $15 million. That sent Pappathanasi on a frantic dash for cash that ended when he found banks in New York City and London that were willing to lend. Says he: "I didn't sleep for two months chasing these loans...
Membership has its privileges, but depositing money at 6.54% is a privilege Amex is willing to extend to anybody. (Not least because it can turn around and lend that money to its Optima cardholders at 16.25%.) Noncardholders won't be billed, but can make deposits by mail...
...right, would actually claim to be one. A very good reason exists for this discrepancy. Like the "secular humanist" who was so much in vogue a few years ago, the moral relativist is a creature called into being by an overzealous right wing in order to lend itself credibility...
While Bush's concessions lend to the appearance that the U.S. is participating in great European events, they in fact do little more than make a virtue out of a necessity. The now canceled missiles would have had a 280- mile range, allowing them to carry only far enough to hit Czechoslovakia or within the borders of a rapidly unifying Germany. And neither Germany shares Bush's enthusiasm for the retention of the present Lance missiles, with a 78- mile range. Bush's stepped-up campaign for a conventional-forces treaty, limiting the Soviet Union to 195,000 troops beyond...
...course, interest payments aren't handouts; they're the reward for lending money. Lenders to the Government could just as easily lend elsewhere. But most economists agree that the U.S. Government's huge demands for credit have raised interest rates generally. More and more of those interest payments go to foreigners, now that the U.S. is a net debtor to the rest of the world. But most interest payments are still to Americans. The national debt is around $10,000 a person, or $40,000 for a family of four. If your bond portfolio is bigger than that...