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发布时间:2024-09-07 23:07:21

[填空题]Conventional wisdom says that it is better to be a large company than a small one when credit is tight. Bigger firms have more room for maneuver (机动): They have access to more types of funding, they have more fat to cut, and they have greater bargaining power with lenders. Even so, life is getting ever more uncomfortable for the bigger beasts of the corporate jungle.
According to the Federal Reserve’s most recent lending survey, American banks are tightening terms more aggressively for bigger firms than for smaller ones. Lenders are more cautious than they have been at least since 1990. The story among European banks is similar. Lenders in emerging markets can be more suspicious of multinational firms than they are of locals. "We just don’t know what they’ve got on their balance-sheets back home," says one bank boss in Africa.
Violent movements in exchange rates are causing additional headaches, says Andrew Balfour of Slaughter & May, a law firm. Calculations of financial

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[填空题]Conventional wisdom says that it is better to be a large company than a small one when credit is tight. Bigger firms have more room for maneuver(机动):They have access to more types of funding, they have more fat to cut, and they have greater bargaining power with lenders. Even so, life is getting ever more uncomfortable for the bigger beasts of the corporate jungle.
According to the Federal Reserve’s most recent lending survey, American banks are tightening terms more aggressively for bigger firms than for smaller ones. Lenders are more cautious than they
have been at least since 1990. The story among European banks is similar. Lenders in emerging markets can be more suspicious of multinational firms than they are of locals. "We just don’t know what they’ve got on their balance-sheets back home," says one bank boss in Africa.
Violent movements in exchange rates are causing additional headaches, says Andrew Balfour of Slaughter & May, a law firm. Calculations of financia
[填空题]

Is Harvard worth it Conventional wisdom says yes. But with the price of a degree from America’s most famous university and other elite private colleges now surpassing $125,000, many families — and a number of economists — aren’t so sure. Here’s a look at the evidence.
For American’s high school, seniors, April is the cruelest month. That’s when colleges flood the postal system with news of who has won a place in next fall’s freshman class. For more than a few families, a difficult decision will follow: Is it worth paying some $125,000 to give their child an education at an elite best private college Or would her future be just as bright if she went to less expensive school
41. ______
Certainly many neurotic boomer parents — and their stressed-out resume-building teenagers — assume that it is always better to choose Harvard over Big State U. because of Harvard’ s presumably superior education

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