In 1966, after practicing law for seven years, he pioneered the leveraged lease financing of railroad equipment and aircraft, which structure he later applied to public utility generating equipment, off-shore drilling equipment, oil tankers and other marine equipment.
It was begun in 1860 by Henry Poor, who wrote a history of the finances of railroads and canals in the United States as a guide for investors.
The "Standard" part came into being in 1906, when the Standard Statistics Bureau was set up to examine finances of non-railroad companies.
"The finance industry that sustained the expansion of railroads, steel and chemical industries seems to have been more efficient than the current finance industry".
Jaspar became prime minister of a coalition government in 1926 and implemented a series of financial policies designed by his finance minister, Émile Francqui, to remedy the economic crisis; these measures included devaluation of the currency, creation of new taxes, conversion of the public debt, nationalization of the railroads, and financing of public works.
The Alitalia deal, coupled with Intesa Sanpaolo's financing of Nuovo Trasporto Viaggiatori, a railroad company that will compete with the Italian state railroad, have led some critics to question whether Mr. Passera will have a conflict of interest now that he represents the Italian government.
Boston's main contribution to the development of railroads was made in finance rather than in technology.
Over the last two months, analysts in government and the private sector have begun a steady drumbeat of criticism of the capital financing plan, which they say will hurt the authority's ability to maintain subways, buses and commuter railroads and make the financing of future capital plans nearly impossible.
After the war, Erlanger continued to prosper, financing American railroads and international telegraphic communications, among other ventures.
As a result of the financial indemnities provided by both treaties, Bolivia was able to finance a great era of railroad construction.
They say the crush of debt would cripple the authority's ability to keep New York City's subways and buses and the commuter railroads in good repair, and would make the financing of future capital plans nearly impossible.
