Word: repaid
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Thirty years ago Muhammad Yunus, the founder of the Grameen franchise, started lending small sums to poor entrepreneurs in Bangladesh to help them grow from a subsistence living to a livelihood. His great discovery was that even with few assets, these entrepreneurs repaid on time. Grameen and microfinance have since become financial staples of the developing world, but by coming to the U.S. Grameen is taking on a different sort of challenge: one of the planet's richest countries. Yes, money may be tight in the waning recession, but this is still a nation of 100,000 bank branches...
...part, Berry repaid her coach’s confidence, holding Schram to just two points on 1-for-10 shooting in the first half. While Schram got hot after the break, Berry played her tough throughout...
...stakes game, at one point threatening the banks that he would file for bankruptcy, which would have left creditors empty-handed. Merckle seemed to have a chance of refinancing his business when at the end of December banks granted him a reprieve on loans that were due to be repaid at Christmas, pending the outcome of further refinancing talks in January. According to a report in the Finanicial Times Deutschland on Monday, banks had promised Merckle a €400 million bridge loan...
...Chrysler some time, there are difficult issues ahead. Unless labor costs can be brought down to parity with the foreign transplants, and without the restructuring of Chrysler's debt, the company cannot be restored to long-term health and the government loan will be unlikely to be fully repaid. (Read about GM's, Ford's and Chrysler's bailout plans...
Pelosi was careful to underline that she expects the full $15 billion to be repaid by the end of March, meaning the car companies will either be forced to go it alone after that or, more likely, the Obama Administration will replace the $15 billion - plus the additional funds the car companies say they need - with money from the TARP, the Treasury or the Federal Reserve. In fact, the bill has language specifically authorizing the President to take money from the TARP, a provision the Bush Administration - which has steadfastly opposed using such funds for the automakers - has presumably chosen...