Word: bondses
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Now Atlanta is trying again. Nearly 5,000 boosters braved a thunderstorm last week to celebrate the reopening of Underground after a 2 1/2-year renovation that cost $142 million, including $85 million in city-backed bonds. The complex, decorated in turn-of-the-century style, will eventually boast 140 stores...
-- The 12% come-on is trivial over the long pull; it is designed to cloud your judgment. The true rate on this deal is the "nationally recognized interest index plus 1.5%" that Amex talks about. But a footnote reveals this to be an index of short-term, tax-free bonds...
Over at city hall, Mayor Officer somehow manages to remain determinedly upbeat, citing an ambitious $437 million plan for developing the East St. Louis riverfront that would include a cargo port, recycling center and high- rise apartments overlooking the river and downtown St. Louis. But no work has been done...
While tattletales are no more appealing on Capitol Hill than in grammar school and scattered enforcement always seems unfair, it would be a mistake to conclude that Wright and Coelho are victims of a deranged political environment dominated by vengeful Republicans and gooey do-gooders. Although Coelho characterized himself as...
Calling Bhutto a living symbol of democracy, Bush said the U.S. should "chart new ways to strengthen old bonds" with Pakistan. Despite a report in The Washington Post yesterday that the Bush administration is considering the sale of 60 F-16 fighter jets to Pakistan at a cost of $1.4...