Word: loused
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Although Administration officials tried to downplay the significance of the trip, a number of agreements were announced. Most important, the U.S. will lend Brazil $1.23 billion, at 8% annual interest for three months, to tide over the debt-burdened (nearly $90 billion in foreign lOUs) country until a $4.5 billion International Monetary Fund loan comes through next year...
They raise this money in the commercial paper market, where corporate lOUs are generally sold in denominations of $1 million and more to major investors like insurance companies and pension funds. While the market for long-term bonds shrank 20% in the past year, the amount of commercial paper outstanding increased 32.7%, to $164 billion. That is five times what it was ten years ago. Laments Donald Woolley, chief economist of Bankers Trust: "The ratio of short-term debt to long-term debt is much too high...
...acquisition of all was in 1979, when it paid $1.3 billion, or 40% over market value, for C.I.T. Financial Corp., a consumer loan and insurance firm. To raise the money, the company had to borrow heavily on the commercial paper market, where big corporations sell multimillion-dollar short-term lOUs to banks and other institutional investors...
...Treasury does it. So do states and corporations. Now financially pinched private universities are catching on. Chicago's Roman Catholic Loyola University has become the first such institution to raise cash by issuing lOUs in the crackling-hot short-term money market. Needing building funds, Loyola issued a total of $53.5 million in tax-exempt corporate paper for terms ranging from 15 to 93 days at an average interest cost of 3.86%. Loyola intends to keep reissuing the paper until long-term interest rates (now as high as 9½% for 30 year tax-exempts) decline...
...about: control of the machine. Nineteen committeemen rose to endorse him. The most impassioned was Ed Kelly who, as president of the Chicago Park District, controls 3,000 jobs that Byrne has been trying to snatch away. "The Daley name is still magic," cried Kelly. "There are many lOUs in this room, lOUs that we owe to Richard Daley...