Word: lending
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...take the three steps you guys always propose in your letters - denuclearization, leading to economic benefits, leading to diplomatic recognition - and flip them: Recognize the DPRK and normalize relations first, because it should be obvious to you guys by now that our regime is not going anywhere. Then, lend us some money, build a power plant or two, maybe help us with agriculture and food production. And then, after a while - a decade, perhaps? - if enough trust has been built up, then maybe we'd start to think about getting rid of our nukes...
Even that almost wasn't enough. The company owed a $200 million payment to CityCenter's contractor, Perini Construction. It was due on a Friday in March. Murren spent that day on a conference call with the company's banks, trying to persuade them to lend MGM the funds until it could resolve its problems with Dubai. Murren could promise them nothing. "We don't know the outcome of CityCenter. We don't know how we're going to get there...
...opening of Aria is a significant achievement, signifying the end of an era in Vegas. The days of visionary auteurs bringing extravagant casino dreams to eager banks are over. Land is too expensive if you don't already own it. Banks are reticent to lend to developers who lack land equity and plenty of cold hard cash. MGM Mirage owns a larger parcel than CityCenter a few miles north of it on the Strip. It's unlikely the company will attempt a sequel. "I think people will quickly come to a conclusion that no one will ever top this," Murren...
Elliott and Steenburgen lend a human dimension to the roles of a small-town sheriff and his wife. The ease with which they inhabit these characters suggests that somewhere inside the charred husk of The Morgans is the premise for an O.K. movie, or maybe a sitcom, about two middle-aged marrieds who give shelter and wisdom to outsiders on the lam. But Elliott and Steenburgen are mere supporting figures to the grating central couple ... and to the sound track of numbers way older than Meryl and Paul ... and to the picture's constant badgering about how much more wonderful...
Unleashing Harvard’s ingenuity is possible whether its endowment is $25 billion or $35 billion. Banks may be hesitant to lend, but the obstacle today is not a lack of financing—it is Harvard’s lack of will. Jump-starting activity on Harvard’s vacant and under-utilized property in Allston and Brighton doesn’t require a delegation visiting for several days like the one that President Faust just led to South Africa in November. With Harvard’s local Allston/Brighton opportunity, a combination of Rappaport Institute conferences, seed...