Word: borrowing
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Dates: during 1980-1980
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...segment. But ABC pays Spelling-Goldberg Productions only $583,000, leaving a deficit of between $800,000 and $900,000 a season. It is generally not until a series is sold for syndication that the deficit is erased and the big profits begin. Until then, producers borrow, worry about cost overruns and beg the networks for more money...
Departments that run deficits often borrow from the University and must repay the loans with interest, which currently stands at about 7 per cent. Gerrity said the Faculty will probably have to borrow money from the Corporation to cover expenses incurred under the current budget...
...lend to Eastern European countries, which they believe are good risks. Communist governments are presumed to be stable. Moreover, the debtors in socialist nations are not firms but governments, and their repayment record over the past 35 years is unblemished. That helps explain why Yugoslavia has been able to borrow more than $7.5 billion from Western banks and why Rumania owes $4.2 billion to private foreign lenders...
...power in Warsaw. don't go bankrupt," as Citicorp Chairman Walter Wriston once said. But they can delay or, as in the case of Iran, freeze payment on foreign debts, even though such moves endanger the profitability and, eventually, the stability of financial institutions. With debts of all borrowing countries to foreign banks now totaling $600 billion, the Polish crisis has raised new fears about the ability of many hat-in-hand nations to repay their loans. Turkey, for example, would be virtually insolvent without West German assistance. Among the developing countries, Brazil has run up the largest foreign...
Besides the basic social problem of unemployment, the payment of unemployment insurance threatens to empty the coffers of many Frostbelt states. Beginning in 1979, insolvent unemployment programs forced states to borrow funds from the Federal Unemployment Account to pay unemployment insurance benefits. As of July, 1979, twelve Frostbelt states showed loans outstanding totaling $4.9 billion; Pennsylvania alone owed $1.2 billion. In all the south and west, Arkansas, Montana, and the District of Columbia owed only $100.6 million...