Word: cashing
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1980
Sort By: most recent first
(reverse)
Belt tightening alone will not do. Prices do not level effectively if the available goods and services disappear faster than the available cash. A reduced budget does not mean a balanced budget if the tax base is severely eroded by bankruptcies and unemployment...
...known how much Hunt may have borrowed to buy his silver and how badly the borrowing may have strained even his resources. But last week stories spread that he was selling silver in Europe, and traders interpreted that as a signal that he was running out of cash. Then Bunker, Herbert and their associates offered to sell billions of dollars worth of bonds in Europe to be backed by a "substantial portion" of the estimated 200 million oz. of silver they hold. These bonds would pay a low rate of interest (estimated at 8%). One theory, advanced by Metals Dealer...
...when the Bache Group, which owns one of the nation's largest brokerage houses and is in turn 5.6% owned by the Hunt family, announced that it had issued a $100 million margin call on the Hunts and that they could not, or would not, put up this additional cash to protect their position. Wild rumors flew that Bache was about to go under. Stock and commodity prices went into a nosedive. Bache asked the Government's Commodity Futures Trading Commission to close to close the silver market. The commission refused. "Despite the seriousness of the situation," said Chairman James...
...Stearns, Kennedy's chief delegate hunter: "The nomination is mathematically possible. It's not so clear if it's politically possible. Let's face it. We need a combination of impressive victories and nervousness about Carter's November prospects to have a real chance." Cash contributions to Kennedy, which had been running at about $250,000 a week, began picking up after the victories, but not enough to permit him to match Carter's well-financed, well-organized campaign in the remaining primaries and caucuses. Even so, Kennedy decided to make a last-minute...
...fourth child on the way. An $8,000 loss on a house they had built-and then had to sell before ever moving in-was one reason they were in trouble; another was the $1,200 that they had accumulated in medical bills. Hard pressed for cash, the couple had begun to rely heavily on credit cards late in 1978. "We'd borrow from Diners Club to meet the utility payments and from Visa to pay for groceries," recalls Lynda. Eventually, that house of cards collapsed. Buried under bills and harassed by creditors, the Hobsons turned to an attorney...