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IDLE CASH With consumers wary of investing, banks hold piles of cash that they say they can't profitably put to use.
BLOOMBERG NEWS Ramifications of a Lower Corporate Tax Rate | Lowering the 35 percent corporate tax rate "could prompt large write-downs by Citigroup, A.I.G., Ford and other companies that hold piles of 'deferred tax assets,'" The Wall Street Journal writes.
That may be: French banks and others in Europe that hold piles of French government bonds are raising tens of billions of euros to meet new regulatory requirements to guard against a worsening of the crisis.
His cousin Richard Lourie, a writer, told me a story about their grandfather, who ran a shoe factory: on payday, he let the two boys hold piles of cash "as high as our heads".
His cousin Richard Lourie, a writer, told me a story about their grandfather, who ran a shoe factory: on payday, he let the two boys hold piles of cash "as high as our heads". Lourie recalled, "We both loved it!" But, at other times, Simons could be so intensely withdrawn that Lourie worried that he was sick.
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The rusty blue hull of the freighter, the Karine A, lay along the end of the wharf, an Israeli flag fluttering in its bows and its cavernous forward hold piled high with king-sized mattresses, sandals and cardboard boxes.
And they can argue that Cyprus was doing relatively well until Greece's second bailout, when Greek government bonds — of which Cypriot banks held piles — lost considerable value.
Closed to the public, the damp, dusty warehouse holds piles of broken furniture and dozens of Mercedeses, a handful of early Rolls-Royces, and coveted models of Austin Healys, Citroëns and other examples of the world's finest automobiles.
Nor is it clear that the European Central Bank would be willing to spend the hundreds of billions of euros it would take to maintain confidence in the broader European banking system, which still holds piles of sovereign bonds from Greece, Spain, Portugal and other nations that have fallen into difficulty.
A long bench in the front hall held piles of magazines, including old numbers of Life, and on the wall you rather quickly notice a Picasso drawing showing Rita pregnant with Mary in 1958 and a thank-you note for a photo Aarons took of the painter.
The hearth is flanked by two chairs holding piles of sheared wool in its raw state, and a chandelier loaded with lumpy brown candles hangs from the ceiling.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com