Some mortgage brokers report customers refusing to borrow from Halifax because of its share-distribution policy.
Cutting interest rates won't be enough to resuscitate the economy, because, whatever the rate, firms will refuse to borrow or invest, and households will hoard their money.
Passing a coherent budget is difficult because it requires politicians to explicitly vote for deficit spending, and of course the "debt limit" is about refusing to borrow to pay for spending that you've already committed to do and have refused to fund by any other means.
Will the average Luxembourgois and Finn refuse to borrow because rates are 1.25% rather than 1%?The main problem for the ECB may be that the smaller-than-expected cut could lead to a further surge in the euro (it gained a cent versus the dollar in the immediate aftermath of the news, according to Bloomberg).
They are happy to borrow more money to make their rich patrons richer -- but they refuse to borrow any money to provide unemployment benefits that not only allow middle-class families who have lost their jobs through no fault of their own to keep their heads above water, but actually do turbocharged the economy..
He sees "wretched refuse," to borrow Emma Lazarus's phrase, without having any conception of the respect and welcome, and the defiant pride, with which a nation of immigrants ought to imbue it.
Four months ago Sting refused to let Tommy Hilfiger borrow his Police hit "Message in a Bottle" because he didn't like the ads the designer's agency proposed.
Four months ago Sting refused to let Tommy Hilfiger borrow his Police hit "Message in a Bottle" because he didn't like the ads the designer's agency had proposed.
Mr. Hoffman is among those who expressed frustration that Mr. Shumlin and legislative leaders have refused even to borrow from the state's reserve fund, which currently holds about $55 million, to avoid service cuts.
