Word: loaning
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...takeover of Northern Rock is the only option. But even that has been badly mishandled. What should have been done was to put in a management with a remit to close the bank to new business, to stop all future lending, and to confine itself to managing the existing loan book and selling it off piecemeal to private-sector buyers as market conditions improve. After all, by one estimate, there is now some $200 billion of taxpayers' exposure to protect. Nor, of course, is the survival of Northern Rock of any strategic or other importance to the U.K. economy. Indeed...
...broadcast Hornets games, and Charter Communications, the cable provider for about 225,000 residents in suburban St. Tammany Parish, left many affluent fans unable to watch their team. To add to the Hornets' hard luck, the cash-strapped team was set to receive a much-needed $47 million loan from Societe Generale, the French bank that employed a rogue trader who just cost the firm a cool $7 billion. The bank has shut down its U.S. sports lending practice, though Hornets president Hugh Weber insists Societe Generale assured him the deal will go through...
...THIS MATTERS Retailers don't make money on gift cards until the cards are redeemed. When purchased, they're recorded as a liability--essentially an interest-free loan. Worse yet for retailers, in some states, if a card is not redeemed after a few years, its value is considered unclaimed property and is required to be turned over to the government...
...showbiz too. There's a lot of radio out there. There's a lot of TV. There's a lot of competition. And you have to do certain things to cut through the noise. And that's where the showbiz characteristics will surface, such as "Talent On Loan from God." You know people think I'm saying I'm Christ, which I'm not. But it's just these little signature things that sometimes rub people the wrong way or make them think that I'm an arrogant and pompous person. Those are just the showbiz things...
...apparently unrelated incident, two paintings by Pablo Picasso were stolen last week from an exhibition of the artist's works in the nearby Pfaffikon. The Horse's Head and the Glass and Jug, both on loan from the Sprengel Museum in Hanover, Germany, are estimated at several million dollars...