Word: loaned
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Meese clearly did select Edwin W. Thomas as an aide to his White House office after Thomas had offered Meese's wife an interest-free $15,000 loan. The loan was later granted, but Meese failed to report it on his financial-disclosure statements. Stein concluded that Thomas got the job because of his longstanding personal and professional relationship with Meese, rather than as a result of any transaction. While "an inference of willful nondisclosure arguably could be drawn," Stein wrote, he could find no motive for Meese to conceal the loan and therefore he accepted Meese...
...Alas, the 1984 Louisiana World Exposition has seen nothing but hard times. The fair has been losing $1 million a week; average daily attendance has been 40,000, a sorry response to the spring predictions of 70,000. And last week the fair defaulted on a $40 million bank loan by failing to make its $450,000 monthly interest payment. The festival on the levee has no chance of breaking even, but New Orleans has Beleaguered exposition agreed to postpone collecting city taxes from the exposition to enable the fair to limp to its scheduled closing date, Nov. 11, instead...
Gefter added that the administration has raised $12.8 million of the $27 million dollars needed, the bulk of it from a loan by a state educational authority, and an additional $1 million from an alumni gift...
Only a few months ago, there was growing concern that the economy might overheat and generate sharply higher interest rates and inflation. Brisk loan demand and the Federal Reserve's tight policy pushed the prime rate that banks charge business borrowers from 11 % early in the year to 13% by summer. That increase in interest rates now seems to be helping slow the economy to a more moderate rate of expansion...
...most stunning case of SEC enforcement occurred last month when the agency ordered California's Financial Corp. of America to restate its second-quarter results to show a $107.5 million loss instead of a $31.1 million profit. After customers realized the true state of the savings-and-loan company's finances, they began a temporary run on deposits. Disillusioned investors have driven the company's stock price down 17% since the announcement. During the same week the SEC charged Stauffer Chemical of Westport, Conn., with overstating its 1982 earnings by $31 million, allegedly by recording sales that...