1. The business lobby has been squealing for everything from accelerated depreciation allowances to a Business Development Board to grant cheap loans. 2. James Hoffa was a union boss who used Mafia muscle to beat the owners in exchange for cheap loans from the union pension fund. 3. Backed by a seemingly limitless supply of cheap loans from government-controlled banks, a few dozen politically connected conglomerates have long dominated the industrial landscape. 4. But the deluge of cheap loans and foreign investment resulted, not surprisingly, in a huge increase in capacity to make everything from steel to paper to cars. 5. Cheap loans tied to U.S. government debt may soon become harder to get. 6. Eleven people, including Hanbo founder Chung Tai Soo and three lawmakers, are being tried on charges Hanbo used bribes or political ties to secure cheap loans. 7. For years, Turkish governments have ordered state banks to provide cheap loans to special interests and businesses, which in turn contributed to party coffers. 8. Insiders got more than cheap loans, too. 9. Now they are stuck with far too much inventory and capacity, and have no desire to borrow for more expansion, no matter how cheap loans are. |
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