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Mr. Deripaska succeeded by pursuing unusual sources of finance at a time when Western banks, flat on their backs, could offer nothing and continued Russian government bailout money was uncertain.
He was away from Columbia, however, from 1972 until 1977, when he served first as the chief accountant of the Securities and Exchange Commission in Washington and then as New York City's deputy mayor for finance at a time when, after years of mismanagement, the city came perilously close to bankruptcy.
As far as Mr Baker is concerned, the current business environment is equally comfortable, not least because many rival airlines in Europe and the US are struggling to raise finance at a time when passenger traffic is down.
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Across most of the nation, one-at-a-time houses, financed by church suppers and staffed by volunteer hammer swingers, are still the norm for Habitat, an ecumenical Christian group that was founded in 1976 in Georgia.
Righting the public finances at a time of economic weakness is nonetheless a tall order.
Now, DreamWorks is left to line up new financing at a time when movies are struggling.
The figures underlined the difficulty of restoring the public finances at a time of economic decline.
A decision about travel restrictions or advisories, for example, could affect trade and finances at a time of economic chaos.
This has punched a black hole in primary care trust finances at a time when financial pressures through ministerial incompetence have hit an all-time high".
Averting disaster will require greatly increased international financing at a time when the Global Fund is facing a budget shortfall and the United States government has virtually frozen AIDS funding.
The settlement injects much-needed cash into Qantas's finances at a time when the airline is facing a number of serious challenges.
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