Word: spent
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Dates: during 1980-1989
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...once. The entire interest payment is immediately deducted from the fund and paid out to the other members. Rates can run as high as 20%, vs. about 14% for an unsecured bank loan. But the loan club may be an immigrant's only source of funds. "I would have spent months convincing a bank that my expansion plan made sense," says a New York City printer from Jamaica who wanted to add a color-lithography machine to his business. Instead, he borrowed $18,000 at 15% interest from a loan club to buy the equipment. As a result, his annual...
...rein in the federal budget deficit, Carlucci and Congress are slowing the runaway growth in defense spending unleashed during the early Reagan years. Some proposed weapons, ships and planes are in danger of being scrapped by the Pentagon, which would cut into the profitability of companies that have spent millions on research and development. Other projects could be postponed or stretched out. Adding to the industry's uncertainty is the question of what President Reagan's successor will do once he gets his hands on the Pentagon's purse strings. Many executives echo the fears of Grumman Chairman John Bierwirth...
General Dynamics has been squeezed by the rules requiring companies to put up more of their own money in the initial stages of Pentagon programs. The St. Louis-based firm has spent about $50 million to develop the advanced tactical aircraft, while its sales of submarines and tanks have been flat. Profits are expected to dip about 5% this year, to $415.2 million, and some analysts forecast a drop of 7% or more next year...
...spent a year in the Gate City to the South, which was then still known to some as the Dogwood City, around the time it was trying to become the City Too Busy to Hate. That's the way people in Atlanta might think of it, and that's the way I think of it. We share a weakness for slogans. This was at the beginning of the '60s, and I was a reporter covering the civil rights story. Those who traveled the South back then -- reporters or regional auditors or salesmen with the Southeast territory -- came to roost...
...Sunday. Two days later, Dukakis turned in his monthly column to the Brookline Citizen. There was nothing heightened about this particular column, no private memory of the man or personal emotion expressed. Dukakis deals in consequences, and he did not want emotions let loose by the assassination to be spent unproductively...