Word: indebtednesses
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Last week government officials attempted to calm emotions with a promise of unspecified increases in wages and improved social benefits. Morocco's ills, however, are not easily fixed. Under an austerity program drawn up by the badly indebted country, only 15,210 new jobs will be created next year -- meager...
A chill in consumer spending this Christmas would come at the worst possible time for a retailing industry that is desperately overbuilt and heavily indebted. While the U.S. population grew only 10% during the 1980s, a building boom expanded retail square footage 75%. As a result, nearly half of all...
For companies that fail to get a handle on their onerous debt, bankruptcy looms. Once a shameful solution, even Chapter 11 is growing in appeal as other options disappear. For one thing, it allows indebted companies to keep operating while they reorganize. The newly revised tax law could add significantly...
If debt was the height of fashion during the Roaring Eighties, it has become, just one month into the 1990s, painfully passe. The securities issued by companies that loaded up on leverage to do deals during the '80s are now taking their lumps on Wall Street as investors shift their...
Born in Connecticut in 1826, Church had the good luck to be taken on as a student by Thomas Cole, whose slightly stilted allegorical landscapes had made him the most famous American artist of the 1840s. Like Cole, he painted scenes along the Hudson River and in the Catskills, in...