Word: opm
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...Debt Debate Zachary Karabell's suggestion in "In Defense of U.S. Debt" that America can borrow its way to prosperity is a perfect illustration of the liberal mind-set [March 15]. Whether it's raising taxes or borrowing more, the answer is OPM: other people's money. John Knoerle Chicago...
Zachary Karabell's suggestion in "In Defense of Debt" that America can borrow its way to prosperity is a perfect illustration of the liberal mind-set [March 15]. Whether it's raising taxes or borrowing more, the answer is OPM: other people's money...
Since then, the Organisasi Papua Merdeka (OPM), or Free Papua Movement, has waged an independence struggle of peaceful protests and occasional attacks by poorly equipped guerrillas on Indonesian soldiers and foreign interests like the giant Freeport gold mine. Jakarta, which does not want to forfeit Papua's natural wealth or see another province break away as East Timor did in 1999, agreed in 2001 to a Special Autonomy Law. But independence supporters say little has changed since then. Access to the province is notoriously difficult but in recent years human-rights groups have documented a range of abuses by Indonesian...
Leverage--popularized in the '80s as OPM (other people's money)--is what makes LBOs work. Think of it like this: You buy a house for $200,000 with 20% down, or $40,000. Say you later sell the house for $400,000. Your profit is $200,000 on a $40,000 investment. That's a fivefold return on a property that merely doubled in value. Now imagine the math if you put down only 5%, which is how raiders...
...stubborn core. One of seven children of a Madison, Wis. policeman, Krug worked his way through the University of Wisconsin by toting ice and baggage, carpentering and working in a filling station. At 30, he was TVA's manager of power operations, went from there to OPM as chief power consultant. When OPM was absorbed by WPB, Krug went with it. In 1944, he was commissioned a Navy lieutenant commander, served in Normandy and Italy, was home on leave when chosen to replace Donald Nelson as WPB chief. At war's end, Krug left the Government...