Word: banks
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Dates: during 1990-1999
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...started saving money in 1929 in a piggy bank," read Jennings, quoting from an interview with Hancock...
Bankers justify the charges by noting that most banks provide ATMs free to their own customers and thus must find some other way to recover the cost of deploying the machines. "In San Francisco," says Bank of America spokesman Peter Magnani, "there is no charge 80% of the time when someone puts a card in a B. of A. machine." Moreover, he says, the cost of the transaction is just a small part of the bank's expenses, which include purchasing, installing and maintaining the machines as well as paying rent at nonbank locations. "Banks are being singled...
...which can make small-company combinations harder to arrange than big buyouts. John Mavredakis, senior manager of the Houlihan Lokey investment bank, has helped arrange both types. "When we work with large corporations, everything is methodical and rational," he says. "With smaller companies, emotions come much more into play. Personalities play a major role. There is the need of the entrepreneur, his desire to make sure that his employees are being treated fairly and that he is giving them a good home...
...debit card aimed at teenagers. The Visa PocketCard allows a parent or employer to make funds available to his or her "customer" electronically. "It is an account, but it's virtual," says William Scheurer, CEO of PocketCard Inc. You can transfer funds--via phone or online--from your bank account to an Internet one, so your teens can prowl the malls and the Web or chow down at Chili's. You can apply for this card only online at www.pocketcard.com The annual cost for the PocketCard is a nonvirtual $15 for family accounts, plus some user fees...
...Colorado River you were planning? Scratch it. According to a group called the World Water Commission for the 21st Century, more than half the world?s major rivers, including the Colorado, are drying up or oozing with pollution. The commission, supported by the United Nations and the World Bank, is looking for ways to safeguard water supplies for the next century - and it looks like they?ve got their work cut out for them. Although the full findings are under wraps until March, a grim summary of the study, released Monday in Washington, D.C., gives conservationists plenty to worry about...